ICSE Class 10 Answered
Rohit invested Rs. 9,600 on Rs. 100 shares at Rs. 20 premium paying 8% dividend. Rohit sold the shares when the price rose to Rs. 160. He invested the proceeds (excluding dividend) in 10% Rs. 50 shares at Rs. 40. Find the:[4M](i) original number of shares(ii) sale proceeds(iii) new number of shares(iv) change in the two dividends
Asked by gavisiddaiah618 | 12 Jan, 2019, 09:59: PM
Expert Answer
i)
100 shares at Rs. 20 premium.
Nominal value of share = Rs. 100
Market value of a share = 100 + 20 = Rs. 120
Invested amount is Rs. 9600
Number of shares = 9600/120 = 80
ii)
Sale price of a share = Rs. 160
The sale proceeds = 80 × 160 = Rs. 12800
iii)
New invested amount = Rs. 12800
Market value of a share = Rs. 40
Number of shares = 12800/40 = 320
iv)
Dividend in first investment = 80 × 8% × 100 = Rs. 640
Dividend in second invetsment = 320 × 10% × 50 = Rs. 1600
Change in two dividends = 1600 - 640 = Rs. 960
Answered by Sneha shidid | 14 Jan, 2019, 02:41: PM
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