Question

Aditi has 40 shares of nominal value rupee 100 and she decides to sell them when they are at a premium of 50%.She invests the proceeds in shares of nominal value of rupee 75 quoted at a 20% discount paying 25% divident annually. calculate (1) the sale proceeds (2) the no. of shares she buys (3) the annual divident from these shares.​

Answer 1

Answer:

Step-by-step explanation:

Answer 2

No. Of shares=40

N.V of share=₹100

M.V of shares= 100+50%×100

=100+50/100×100=₹150

1) sale proceeds=40×150=₹6000

2). New nominal vale of each share=(100-20)% of 75

80/100×75=₹60

Investment =₹6000

Number of share=6000/60=100

3). N.V of 100 shares=75×100

=7500

Rate of dividend=25%

Annual dividend=25/100×7500

=₹1875