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LoginMr.Paul has 70 shares of face value Rs.100 each and he decides too sell them when they are at premium of 40% .He invested the proceeds in shares of nominal value of Rs.50 quoted at 2% discount paving 16% dividend annually.Calculate i.the sales procceds ii.the number of shares iii.the number of shares he buys iv.his annual dividend from these shares
Math Secondary School in Math 1 year ago
1) face value of 1 SHARE =Rs.100face value of 70 shares =70×100=Rs.7000Market value of 1 share =Rs.100+40% of Rs.100=100+40=Rs.140Market value of 60 shares =140×70=Rs.9800[Answer]2) face value of 1 share =Rs.50Market value of 1 shares =Rs.50−2% of Rs.50=50−1=Rs.49No. of shares purchased = 9800/49 =200 shares3) face value of 200 shares =Rs.50×200=Rs.10000Dividend %=16%Dividend =16% of Rs.10000= 1600 [ ANSWER]Hope it will HELP you ✌️
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