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.
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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
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