smt. Deshpande purchased shares of f.v. rs. 5 at a premium of rs. 20 . how many shares will she get for rs. 20000 ?
Answers
Answered by
4
Answer:
number of shares purchase is 800.
Attachments:
Answered by
0
Answer:
Market value of each share = FV + Premium = Rs 5 + Rs 20 = Rs 25
Sum invested = Rs 20,000
∴ Number of shares = Sum invested/Market value of each share=20000/25 = 800
Thus, the number of shares purchased by Smt. Deshpande are 800.
Similar questions