A man invested Rs. 14,400 in Rs 100 shares of a company at 20% premium. If the company declares 5% dividend at the end of the year, then how much does he get ?

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A man invested Rs. 14,400 in Rs 100 s of a company at 20% premium. If the company declares 5% dividend at the end of the year, then how much does he get ?

A. Rs. 500
B. Rs. 600
C. Rs. 650
D. Rs. 720