find the market value of 62 shares available at Rs132 having the par value of Rs100
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Amount Invested = Rs 8184 & Dividend income = Rs 465 for 62 Shares of Par Value Rs 100 available at Rs 132
Step-by-step explanation:
Complete Question is
A man wants to buy 62 shares available at rs. 132(par value of rs. 100)
(1).how much should he invest and
(2).if the dividend is 7.5%,what will be his annual income
Market Value = rs 132
Number of Shares Bought = 62
Amount Invested = 132 * 62 = Rs 8184
Dividend 7.5 % at Par value (Face Value) = (7.5/100) * 100 = 7.5 Rs per Share
Dividend for 62 Shares = 62 * 7.5 = 465 Rs
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