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Mr Madhukar sells 4000 shares of a Jaguar (each of par value Rs. 10), which paid a dividend of 40%, at Rs. 30 per share. He invests the sale proceeds in shares of Czar (each of par value Rs. 25) that pays a dividend of 15%. If the market value of Czar is Rs. 15, find the number of its shares purchased by Madhukar.

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Mr Madhukar sells 4000 shares of a Jaguar (each of par value Rs. 10), which paid a dividend of 40%, at Rs. 30 per share. He invests the sale proceeds in shares of Czar (each of par value Rs. 25) that pays a dividend of 15%. If the market value of Czar is Rs. 15, find the number of its shares purchased by Madhukar.






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