₹ 40 shares of a company are selling at 25% premium. If Mr. Wasim wants to buy 280 shares of the company, then the investment required by him is :

1. ₹ 14,000

2. ₹ 16,800

3. ₹ 8,400

4. ₹ 10,000

Assertion (A): Market value of a share always remains the same.

Reason (R): The value of a share printed on the share certificate is called its market value.

1. A is true, R is false

2. A is false, R is true

3. Both A and R are true

4. Both A and R are false

Assertion (A): Income of a shareholder is directly proportional to the number of shares he buys.

Reason (R): Income of a shareholder = $\text{Face value} \times \dfrac{ \text{No. of shares} \times \text{Rate of dividend}}{100}$

1. A is true, R is false

2. A is false, R is true

3. Both A and R are true

4. Both A and R are false

Assertion (A): A man invests ₹ 4,600 in ₹ 100 shares, paying 10% dividend and quoted at 15% premium. His annual dividend from these shares is ₹ 400.

Reason (R): Number of shares held by a person = $\dfrac{\text{Total market value}}{\text{Face value of 1 share}}$

1. A is true, R is false

2. A is false, R is true

3. Both A and R are true

4. Both A and R are false