Mr sharma has 60 sharez of nv rupees 100 and he decides to sell them at premium of 60 percent. He also invests the proceeds in share of nv rupees 50 quoted at 4 percent discount paying 18 percent dividend annually...Calculate
The no.of shares he buys , sale proceeds and dividend from these shares
Answers
Answer:
MATHS
Mr. sharma has 60 shares of N.V.Rs100 and sells them when they are at a premium of 60%. He invests the proceeds in shares of nominal value Rs50. quoted at 4% discount, and paying 18% dividend annually. calculate:
(i) the sale proceeds:
(ii) the numbers of share he buys: and
(iii) his annual dividend from the shares.
December 27, 2019avatar
Aisha Pasupuleti
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Solution:-
(i) Nominal value of 1 share =Rs.100
Nominal value of 60 shares =60×100=Rs.6000
Market value of 1 share =Rs.100+60% of Rs.100=100+60=Rs.160
Market value of 60 shares =160×60=Rs.9600[Answer]
(ii) Nominal value of 1 share =Rs.50
Market value of 1 shares =Rs.50−4% of Rs.50=50−2=Rs.48
No. of shares purchased =
48
9600
=200 shares[Answer]
(iii) Nominal value of 200 shares =Rs.50×200=Rs.10000
Dividend %=18%
Dividend =18% of Rs.10000=
100
18
×10000=Rs.1800[Answer]
Answer:
Step-by-step explanation:
14%