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Mr. Sharma has 60 shares of nominal value of ₹ 100 and he decides to sell them when they are a premium of 60 %. He invests the proceeds in shares of nominal value ₹ 50, quoted at 4 % discount, paying 18% dividend annually. Calculate : (i) the sale proceeds (ii) the number of shares he buys (iii) his annual dividend from these shares |
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Answer» Mr. Sharma has 60 shares of nominal value of ₹ 100 and he decides to sell them when they are a premium of 60 %. He invests the proceeds in shares of nominal value ₹ 50, quoted at 4 % discount, paying 18% dividend annually. Calculate : (i) the sale proceeds (ii) the number of shares he buys (iii) his annual dividend from these shares
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