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Question
Calculate the investment required to buy:
500 shares of Rs 75 each at a premium of Rs 17.
Solution
500 shares of Rs 75 each at a premium of Rs 17.
No. Of shares to be purchased = 500
Rs 7 5 shares at a premium of Rs 17 = Rs (75+17) = Rs 92
Therefore, money required to purchase 500 shares
= Rs 92 x 500 = Rs 46,000.
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