Question

Vivek invests 4500 in 8%, 10 shares at 15. He
sells the shares when the price rises to 30, and
invests the proceeds in 12% 100 shares at 125.
Calculate
(i) the sale proceeds.
(ii) the number of 125 shares he buys.
(iii) the change in his annual income from
dividend.
​

Answer 1

Step-by-step explanation:

answer is provided in the picture

Answer 2

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