find the Market value of:280,₹100share at a premium of ₹15
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Step-by-step explanation:
Total investment = Rs. 29,040
Nominal value of 1 share = Rs. 100
Market value of 1 share = Rs. 100 + 20% of Rs. 100
= Rs. 100 + Rs. 20 = Rs. 120
∴ No of shares purchased = 29,040/120 = 242 shares.
Nominal value of 242 shares = Rs. 100 × 242 = Rs. 24,200
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Dividend% = 15%
Dividend = 15% of Rs. 24,200
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