Find the amount required to purchase Rs. 5 shares with a total face value of
Rs. 17,700 at a 20% premium per share. The brokerage is 0.30% on the market
orice.
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1
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Answer:
Rs. 21303.72 required for investing.
Step-by-step explanation:
no. of shares=17700/5=3540
mp per share=5+1=6(by adding premium)
total mp=21240
brokerage =21240×.3%=63.72
amount required to invest=21303.72
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