1.

Mr. Sharma has 60 shares of N.V. 100rs and sells them when they are a premium of 60% . He invests the proceeds in shares of nominal value 50rs, quoted at 4% discount, and paying 18% dividend annually. Calculate (i) the sale proceeds (ii) the number of shares he buys and (iii) his annual dividend from the shares

Answer»


ANSWER :`(i) 9600rs` `(II) 200` `(III)1800rs`


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