Correct Option: B

Given in the question :- Face value = $ 10
Annual dividend on one share = 10% of Face value
Annual dividend on one share = 10% of $ 10

Annual dividend on one share = $		10 x	10		Annual dividend on one share = $ 1
			100

∴ Annual dividend of Ram owning 1500 shares = 1500 x Annual dividend on one share = (1500 ×1) = $ 1500.
2nd method to solve this question.
Alternatively, we could have found the total par value of 1500 shares first and then find dividend at 10% of it as shown below:
Total par value of 1500 shares = $ (1500 × 10) = $ 15000

∴ Total annual dividend of Ram =		1500 x	10		= $ 1500.
			100