alleryA share's annual dividend is ₹9. Yield is 6%. At ₹100 face value, premium is
A₹50
B₹40
C₹9
D₹6
Answer & Solution
Correct answer: A. ₹50
A ₹9 dividend at 6% yield implies a ₹150 price, which is ₹50 above face value.
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