A person invests a sum of money in 100 rupees shares of a company paying 20% dividend, quoted at 25% premium. If his annual dividend is Rs 480, then what is the rate of return on his investment?

A person invests a sum of money in 100 rupees shares of a company payi

1.	A person invests a sum of money in 100 rupees shares of a company paying 20% dividend, quoted at 25% premium. If his annual dividend is Rs 480, then what is the rate of return on his investment?
A.	10%
B.	12%
C.	15%
D.	16%
Answer» E.

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A person invests a sum of money in 100 rupees shares of a company paying 20% dividend, quoted at 25% premium. If his annual dividend is Rs 480, then what is the rate of return on his investment?

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