Mathematics
How much money will be required to buy 400, ₹ 12.50 shares at a premium of ₹ 1?
Shares & Dividends
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Answer
No. of shares to be bought = 400.
₹ 12.50 shares at a premium of ₹ 1 means; nominal value of the share is ₹ 12.50 and its market value = ₹ 12.50 + ₹ 1 = ₹ 13.50
∴ Money required to buy 400 shares = 400 × ₹ 13.50 = ₹ 5,400.
Hence, money required to buy 400 shares = ₹ 5,400.
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