In 2006, Raveendra was allotted 650 shares of Sun Systems Ltd in the initial public offer, at the face value of Rs.10 per share. In 2007, Sun Systems declared the bonus at the rate of 3: 13. In 2008, the company again declared the bonus at the rate of 2: 4. In 2009, the company declared a dividend of 12.5%. How much dividend does Raveendra get in 2009 as a percentage of his initial investment?
Explanation:
∴ Dividend in 2009 = 1200 × 12.5 × 10100 = 1500
∴ Dividend as a percentage of initial investment = 15006500 × 100 = 23%
Hence, option (d).
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