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ICSE Class 10 Answered

how much money will be required to buy 400,rs12.50 shares at a premium of rs1
Asked by ramyaramyashree432 | 28 Mar, 2022, 07:20: AM
answered-by-expert Expert Answer
Total share = 400 shares.
Nominal value of the share = Rs 12.5 .
Market value = Rs 12.5 + Rs 1 = Rs 13.5
Total cost of 1 share = Rs 13.5
Now total cost for 400 shares = 400 x Rs 13.5 = Rs 5400
Answered by Arun | 28 Mar, 2022, 10:36: AM

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