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Mr. Sharma has 60 shares of nominal value Rs.100 and he decides to sell them of when they are at a premium of 60%. He invests the proceeds in shares of nominal value Rs.50 quoted at 4% discount, paying 18% dividend annually. Calculate his annual dividend from these shares? |
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Answer» Mr. Sharma has 60 shares of nominal value Rs.100 and he decides to sell them of when they are at a premium of 60%. He invests the proceeds in shares of nominal value Rs.50 quoted at 4% discount, paying 18% dividend annually. Calculate his annual dividend from these shares? |
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