Find the annual dividend received by Nishita from 1200 preferred shares and 3000 common shares both of par value Rs. 50 each if the dividend paid on preferred shares is 10% and semi-annual dividend of 3½ % is declared on common shares. Answers:
A) 16000  B) 16500  C) 17000  D) 17500  E) 18000
Total number of preferred shares = 1200   Face value = Rs.50   dividend paid on preferred shares is 10%   Dividend per share = 50×10/100 = Rs.5   Total Dividend = 1200 × 5 = 6000   Total number of common shares = 3000   Face value = Rs.50   Semi-annual dividend of 3½ % is declared on common shares.   semi-annual dividend per share = 50×7/2×100 = Rs.74   Total semi-annual dividend = 7/4×3000 = Rs.5250   annual dividend = Rs.5250 × 2 = Rs.10500   Total dividend on all all shares(preferred and common) = 6000 + 10500 = Rs.16500   Answer is 16500.
<result>B</result>
Find the annual dividend received by Nishita from 1200 preferred shares and 3000 common shares both of par value Rs. 50 each if the dividend paid on preferred shares is 10% and semi-annual dividend of 3½ % is declared on common shares.