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A company declared an annual dividend of 10%. Find out the annual dividend received by Anu owning 4000 shares of the company having a face value of $ 100 each.
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- $ 45000
- $ 40000
- $ 50000
- $ 60000
Correct Option: B
Given in the question :- Face value = $ 100 , Total shares = 4000
Annual dividend on one share = 10% of Face value
Annual dividend on one share = 10% of $ 100
| Annual dividend on one share = $ |  | 10 | x 100 |  | = $ 10 |
| 100 |
∴ Annual dividend on 4000 shares = Total shares x Annual dividend on one share
Annual dividend on 4000 shares = $ (4000 × 10) = $ 40000
