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a) At the beginning of last year Mr. Gaurav Sharma invested Rs. 1,50,000 in 100 shares of wipro
limited. During the year, wipro paid dividends of Rs. 120 per share. At the end of the year Mr.
Sharma sold the 100 shares for Rs. 1600 per share. Compute the total HPY on these shares and
indicate how much was due to price change and how much was due to dividend income b) Some
investors believe that international investing introduces additional risks.

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