rajeev invests 8736 in a company paying 12% dividends when a share of nominal value 100 sells at a premium of 12. find the number

2 thoughts on “rajeev invests 8736 in a company paying 12% dividends when a share of nominal value 100 sells at a premium of 12. find the number”

1. Step-by-step explanation:

   Nominal value of 120 shares = Rs 40 120= Rs 4,800

   Market value of 120 shares= Rs 42.50 120= Rs 5,100

   His profit = Rs 5,100 – Rs 4,800= Rs 300 Ans.

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2. Given : Rajeev invests 8736 in a company paying 12% dividend when a share of nominal value of Rs 100 sells at a premium of Rs 12.

   To Find : the number of shares bought and annual income.

   Solution:

   Amount invested = 8736 Rs

   nominal value of Rs 100 sells at a premium of Rs 12

   Hence Market value = 100 + 12 = 112 Rs

   number of shares bought = 8736/112 = 78

   12% dividend

   => Income per share = (12/100) 100 = Rs 12

   annual income. = number of shares * income per share

   = 78 * 12

   = 936 Rs

   the number of shares bought = 78

   annual income. = Rs 936

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