Q.3 (A)(i) Shri Maniklal has purchased 300 shares of F.V. ₹ 100, for M.V. ₹ 120. Company has paid dividend at 7%. Complete the following activity to find the rate of return on his investment.Activity :F.V. = ₹ 100, Number of shares = 300, Market valu…

Q.3 (A)(i) Shri Maniklal has purchased 300 shares of F.V. ₹ 100, for M.V. ₹ 120. Company has paid dividend at 7%. Complete the following activity to find the rate of return on his investment.

Activity :

F.V. = ₹ 100, Number of shares = 300, Market value = ₹ 120

(a) Sum invested = M.V. × No. of shares = ____ × ____ = ₹ 36,000

(b) Dividend per share = F.V. × rate of dividend = 100 × ____ = ₹ 7
Total dividend received = 300 × 7 = ₹ ____

(c) Rate of return = \(\dfrac{\text{Dividend income}}{\text{Sum invested}} \times 100\) = \(\dfrac{2{,}100}{36{,}000} \times 100\) = ____ %.