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Example - 3. A man invests Rs. 8,800 on buying shares of face value of rupee hundred each at a premium of 10% in a company. If he earns Rs. 1,200 at the end of year as dividend, find: (i) The number of shares he has in the company (ii) What is dividend percentage per share?

Solution : Investment = Rs. 8,800

Par value = Rs. 100

Premium = 10%

Dividend income = Rs. 1,200