Shrimati Sinha purchase 90 shares of face value 100 at the premium of 30 company declared 20% dividend after receiving dividend she sold have the shares at the market value 150 and the remaining shares and the market value 90 what is profit or loss
Answers
Rs 900 is Profit in Transaction
Step-by-step explanation:
Smt sinha purchased 90 shares
FV = Rs 100
Premium = Rs 30
MV = 100 + 30 = Rs 130
Investment = 90 * 130 = 11700 Rs
Dividend 20 % at FV = (20/100)100 = 20 Rs per Share
Dividend for 90 Shares = 20 * 90 = Rs 1800
Half Shares (45) sold at MV 150 & Remaining 45 Share at MV 90
= 45 * 150 + 45 * 90
= 10800 Rs
Total Return = 10800 + 1800 = 12600 Rs
Profit = 12600 - 11700 = Rs 900
Rs 900 is Profit in Transaction
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