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solution Michael invested in securities of strong cements plc. Michael purchased 2,000 shares of par value of TZS 100 at a market price of TZS
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Michael invested in securities of strong cements plc. Michael purchased 2,000 shares of par value of TZS 100 at a market price of TZS 2,500 per share, During the year, strong cements plc declared a dividend of 30%, and the market price of the company shares at end of the year was TZS 3,200. Required: Calculate the return to be earned by Michel from his investment in strong cement plcStep by Step Solution
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