Question

Ahmed invested Rs 11,000 and purchased 100 shares of face value Rs100 each.How much above par is the market value of each share? If the dividend per share is Rs75, find his income from the shares

Answer 1

110 is the market value of each share.
7500 id his income from shares.
Hope helpful.

Answer 2

Thank you for asking this question. Here is your answer:

Investment = 11000

i = m.v x n

11000  = m.v x 100

m.v = 110

So the market value is 110

(100 - 110) = 10

Now we will let d% be x.

The income from the share is

d = d% / 100) x m.v x n

75 = (x/100) x 110 x 100

75 = (x /100) x 11000

75 = x x 100

75/110 = x

x = 0.68%

So 0.68% is the final answer for this question.