Anna has 60 shares of nominal value ₹100. She decided to sell them when they are at a premium of 60%. She invests the proceeds in shares of nominal value ₹50 quoted at 4% discount paying 18% dividend annually. Find the following: The number of shares she buys = The annual dividend from these shares = ₹
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FACE VALUE = ₹ 100
PREMIUM IS 60 %
60% OF ₹ 100 IS ₹60
THE MARKET VALUE IS ₹ 160
INVESTMENT BY ANNA = ₹ 160 * 60
INVESTMENT = ₹ 9600
THESE ARE INVESTED BY ANNA
THAN SHE BUYS NEW SHARE
FACE VALUE = ₹ 50
DISCOUNT = 4%
DIVIDEND = 18%
4% OF ₹50
MARKET VALUE IS ₹ 48
NO. OF SHARES BOUGHT = 9600/48
200 SHARES ARE BOUGHT
FACE VALUE OF 200 SHARES =₹ 10000
ANNUAL DIVIDEND =18% OF ₹ 10000
10000 x 18/100
SO THE ANNUAL DIVIDEND = ₹ 1800
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