How to solve Iift 2009 Question 108?

This question can be solved by applying the core concept explained in the solution above, followed by step-by-step calculation and elimination of options.

Which concept is tested in this question?

This question tests fundamental concepts commonly asked in IIFT exams.

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Iift 2009 Question 108

This is a detailed step-by-step solution for Iift 2009 Question 108. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.

IIFT 2009

Bonus share received in 2007 = 650 * (3/13) = 150
Bonus share received in 2008 = 800 * (1/2) = 400
So, has has (150 + 400) = 550 extra shares
Dividend of the share is always issued on face value irrespective of market value
Dividend = (Total value of shares) * (Percentage of dividend)
Dividend he will get 650 * 10 = 23%
Hence, option D is the correct answer.

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