Question

Please solve q6 it's very urgent

Answer 1

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Let the number of shares be x

Nominal value = Rs. 100

Dividend is 6%

Annual income = x × 100 × 6/100 = 6x

Annual income of half shares x/2 = 6x/2 = Rs. 3x

Selling price of shares at a discount of 10% hence selling price of a share is 100 - 10 = Rs. 90

x/2 × 90 = 45x

Investment is 45x

Shares = 3/4x d%= 7%

Nominal Value = Rs. 50

Market Value = Rs. 60

Amount Invetsed = 3/4x × 7/100 × 50 = 21/8x

Change in income 3x - 21/8x = Rs. 120

a.) x = shares = 320

x = shares = 320 b.) Shares sold = 160

Shares sold = 160 c.) Initial income = 6 × 320 = Rs. 1920

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