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Question
The money required to by 50, ₹ 20 shares at 10% premium is ______.
Options
₹ 800
₹ 1,100
₹ 1,500
₹ 900
MCQ
Fill in the Blanks
Solution
The money required to by 50, ₹ 20 shares at 10% premium is ______.
Explanation:
Nominal value of 1 share = ₹ 20 ...(Face value)
M.V of 1 share = ₹ 20 + 10% Premium
= `₹ 20 + 10/100 xx 20`
= ₹ 22
∴ Money required to buy 50 shares
= No. of shares × M.V of 1 share
= 50 × 22
= ₹ 1100
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