Mr. Sharma has 60 shares of N.V. ₹ 100 and sells them when they are at a premium of 60%. He invests the proceeds in shares of nominal value ₹ 50, quoted at 4% discount, and paying 18% dividend annually. Calculate :

(i) the sale proceeds

(ii) the number of shares he buys; and

(iii) his annual dividend from the shares.

A company with 10,000 shares of nominal value ₹ 100 declares an annual dividend of 8% to the share-holders.

(i) Calculate the total amount of dividend paid by the company.

(ii) Ramesh had bought 90 shares of the company at ₹ 150 per share. Calculate dividend he receives and percentage return on his investment.

A man has a choice to invest in hundred-rupee shares of two firms at ₹ 120 or at ₹ 132. The first firm pays a dividend of 5% per annum and the second firm pays a dividend of 6% per annum. Find :

(i) which company is giving a better return.

(ii) if a man invests ₹26,400 with each firm, how much will be the difference between the annual returns from the two firms ?

A man bought 360, ten-rupee shares of a company, paying 12 percent per annum. He sold shares when their price rose to ₹ 21 per share and invested the proceeds in five-rupee shares paying 4.5 percent per annum at ₹ 3.50 per share. Find annual change in his income.