Mathematics
Find the market value of:
(i) 350, ₹ 100 shares at a premium of ₹ 8.
(ii) 240, ₹ 50 shares at a discount of ₹ 5.
Shares & Dividends
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Answer
(i) Given,
Face Value = ₹ 100
Premium = ₹ 8
Market Value per share = Face Value + Premium = ₹ 100 + ₹ 8 = ₹ 108.
∴ Total market value of 350 shares = 350 × ₹ 108 = ₹ 37,800.
Hence, the market value is ₹ 37,800.
(ii) Given,
Face Value = ₹ 50
Discount = ₹ 5
Market Value per share = Face Value - Discount = ₹ 50 - ₹ 5 = ₹ 45
∴ Total market value of 240 shares = 240 × 45 = ₹ 10,800.
Hence, the market value is ₹ 10,800.
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