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Question
Calculate the investment required to buy:
315 shares of Rs 60 each at a premium of Rs 12.
Solution
315 shares of Rs 60 each at a premium of Rs 12.
No. Of shares to be purchased = 315
Rs 60 shares at a premium of Rs 12 =Rs (60+12) =Rs 72
Therefore, money required to purchase 315 shares
=Rs 72 x 315 = Rs 22,680.
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