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How Much Money Will Be Required to Buy 400, Rs 12.50 Shares at a Premium of Rs 1? -

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प्रश्न

How much money will be required to buy 400, Rs 12.50 shares at a premium of Rs 1?

उत्तर

Number of shares to be bought = 400

Rs 12.50 shares at a Premium of Rs 1 means;

the nominal value of the share is Rs 12.50 and its market value = Rs 12.50 + Rs 1  = Rs 13.50

∴ Money required to buy 1 share = Rs 13.50

=> Money required to buy 400 shares = 400 xx Rs 13.50 = Rs 5400

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