find the annual income of a person 11,000 in a 5% stock at 10 % premium
Answers
Given : a person invested 11,000 in a 5% stock at 10 % premium
To Find : the annual income of person
Solution:
Let say stock price = P
Number of stocks = N
10 % premium = (10/100)P = 0.1P
Stock price with premium = P + 0.1P = 1.1P
Amount invested = N * 1.1P = 11000
=> NP = 10000
5% stock
Divided /income per share = (5/100)P = 0.05P
Income for N Shares = N * 0.05P
= 0.05NP
= 0.05 * 10000
= 500
annual income of a person = 500
Learn More:
virat and dhoni invest rs 36000 each in buying shares of two ...
https://brainly.in/question/9082964
Shrimati Sinha purchase 90 shares of face value 100 at the premium ...
https://brainly.in/question/8666205
7. If you sold a call option at a strike price of Rs 800 and received a ...
https://brainly.in/question/18944114
Answer:
500
Step-by-step explanation:
The investment would give ₹5 annual income upon investing 100+10(100)/100
which gives you ₹ 110.
it gives 1/22th of the total invested as annual income
Annual income of the person =1/22(11000)=₹500