Question

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 = ₹

Answer 1

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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Answer 2

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