The statement"8% ₹100 shares at ₹105 applies for the shares of a company .what is the sum that one has to invest to buy 500 shares ?also ,find the number of shares one can buy for ₹10500
Answers
Given : The statement"8% ₹100 shares at ₹105 applies for the shares of a company .
To Find : Sum that one has to invest to buy 500 shares
the number of shares one can buy for ₹10500
Solution:
The statement"8% ₹100 shares at ₹105
=> FV ( Face Value ) = ₹100
MV ( Market Value) = ₹105
8% Means = 8 % Dividend on FV = ₹ 8
Sum that one has to invest to buy 500 shares
= number of shares * MV
= 500 * 105
= ₹ 52500
number of shares one can buy for ₹10500 = 10500/105 = 100
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