Mr Sharma has 60 shares of N.V. Rs 100 and sells them when they are at

1.	Mr Sharma has 60 shares of N.V. Rs 100 and sells them when they are at a premium of 60 %. He invests the proceeds in shares of nominal value Rs 50, 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» Mr Sharma has 60 shares of N.V. Rs 100 and sells them when they are at a premium of 60 %. He invests the proceeds in shares of nominal value Rs 50, 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.

Mr Sharma has 60 shares of N.V. Rs 100 and sells them when they are at a premium of 60 %. He invests the proceeds in shares of nominal value Rs 50, 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»

Mr Sharma has 60 shares of N.V. Rs 100 and sells them when they are at a premium of 60 %. He invests the proceeds in shares of nominal value Rs 50, 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.

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