Question

15. A man invests 1,344 in buying shares of nominal value 24 selling at 12% premium. The
dividend on the shares is 15% per annum. Calculate
(i) the number of shares he buys, and
(ii) the dividend he receives annually.
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Answer 1

Step-by-step explanation:

No. of shares = sum/ m.v.= 1344/26.88=50 shares.

Answer 2

Answer:

1. the number of shares he buys

Ans 32,256

Step-by-step explanation:

2. the dividend he receives annually.

Ans 1.205 .