 Hello and welcome to the session. In this session we will discuss the following question and the question says $57,200 are invested in $100 shares which are quoted at $120. Find the income if 12% dividend is declared on the shares. Let's start the solution now. We are given that $67,200 is the sum invested. So the sum invested is equal to $67,200. Also we have the market value of each share is $120. So market value each share is equal to $120. Hence the number of shares that is equal to the total sum invested which is $67,200 upon market value of each share which is $120. The zero gets cancelled and 12,560 times is $6,720. So this is equal to 560. It is also given that 12% dividend is declared on the shares. So dividend on one share is equal to 12% of nominal value. Now the nominal value of each share is $100. So the dividend on each share is equal to 12% of $100. This is equal to $12,100 into $100. The zero gets cancelled and this is equal to $12. Now we have to find the income from the shares. Hence total income from the shares is equal to total number of shares bought which is 560 into the dividend from each share which is $12. And this is equal to $6,720. So the final answer is total income from the shares is equal to $6,720. With this we end our session. Hope you enjoyed the session.