InterviewSolution
 Saved Bookmarks
    				| 1. | 
                                    A man invests Rs. 1,680 in buying shares of nominal value Rs. 24 and selling at 12% premium. The dividend on the shares is 15% per annum. Calculate:(i) the number of shares he buys;(ii) the dividend he receives annually. | 
                            
| 
                                   
Answer»  Nominal value of 1 share = Rs. 24 Market value of 1 share= Rs24 + 12% of Rs. 24 = Rs. 24 + Rs. 2.88 = Rs. 26.88 Total investment = Rs1,680 ∴ No of shares purchased = 1,680/26.88=62.5 Nominal value of 62.5 shares = 62.5 × 24 = Rs. 1,500 Dividend = 15% of Rs. 1,500 = Rs. 225  | 
                            |