Question

How much money will be required to buy 400, Rs12.50 shares at a premium of Rs1?​

Answer 1

Answer:

Step-by-step explanation:

Given: RS.12.50 shares at a premium or RS 1

To find: How much money will be required to buy 400 shares?

Solution:

Now we have given that there are 400 shares.

RS.12.50 shares at a premium or RS 1 means:

The nominal value of the share is Rs 12.5 .

The market value will be: Rs 12.5 + Rs 1 = Rs 13.5

So the total cost of 1 share will be: Rs 13.5

Now total cost for 400 shares will be:

                     400 x Rs 13.5

                     Rs 5400

Answer:

           So Rs 5400 is required to buy 400 shares.