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HannanM:
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refer to this link "https://icsemath.com/2017/10/22/2015-icse-board-paper-solution-mathematics/" question no. 8 part c
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hii mate here is the answer to your question: -
(i) Rohit invested ` 9600 on ` 100 shares at 20% premium paying 8% dividend. Market value of one share =
100+20% of 100 = 120
The original number of shares purchased = investment market value of one share = 9600 divideed by 120 = 80
Selling price of one share = ` 160, ∴ selling price of 80 shares = ` (160 × 80) = ` 12800. Hence, Rohit’s sale proceeds = ` 12800.
(iii) Market value of new share = ` 40, investment = ` 12800. ∴ The number of new shares purchased = investment market value of one share = 12800 divided by 40 ` = 320.
Annual income (dividend) from new shares = number of shares × rate of dividend × face value of one share = 320 × 10 divided by 100 × ` 50 = ` 1600 ∴ Change in two dividends = ` 1600 – ` 640 = ` 960 (increase)
(i) Rohit invested ` 9600 on ` 100 shares at 20% premium paying 8% dividend. Market value of one share =
100+20% of 100 = 120
The original number of shares purchased = investment market value of one share = 9600 divideed by 120 = 80
Selling price of one share = ` 160, ∴ selling price of 80 shares = ` (160 × 80) = ` 12800. Hence, Rohit’s sale proceeds = ` 12800.
(iii) Market value of new share = ` 40, investment = ` 12800. ∴ The number of new shares purchased = investment market value of one share = 12800 divided by 40 ` = 320.
Annual income (dividend) from new shares = number of shares × rate of dividend × face value of one share = 320 × 10 divided by 100 × ` 50 = ` 1600 ∴ Change in two dividends = ` 1600 – ` 640 = ` 960 (increase)
hii
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