Smita has invested 12,000 to purchase shares of FV 10 ata premium of 2 – InterviewSolution

1.

Smita has invested 12,000 to purchase shares of FV 10 ata premium of 2, Find the number of shares she purchased.Complete the given activity to get the answer.

Answer»

Given amount invested = 12000

FV of share = Rs 10

Premium = Rs 2

MV of share = FV + Premium = Rs 12

Number of shares purchased= 12000/12= 1000

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