3. Smt Gupta purchased the following shares. Find her
investment.
Company A : 210 shares; FV = 100; at discount 3.
Company B : 3500 shares; FV 10; MV 18.50
What amount did she receive on total investment, if the rate
return is 9%
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Answer:
Step-by-step explanation:
Company A :
No of share=210
FV =100
Discount=3
MV<FV
MV=FV-discount
=97
Amount invested =
no of share×MV
210×97=20370
Company B:
No of share =3500
FV=10
MV=18.50
ROR=9%
Amount invested =
No of share × mv
3500× 18.50= 64750
Ror=9%
.:9%on 64750
=[(9÷100)×64750]×64750
=5827.5+64750
=70577.5
Ans=
company A=20370
Company B=70577.5
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