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A man invested Rs 45,000 in 15% Rs 100 shares quoted at Rs 125. When the market value of these shares rose to Rs 140, he sold some shares, just enough to raise Rs 8400. Calculate the : (i) Number of shares he still holds ; (ii) Dividend due to him on these remaining shares. [3 MARKS] |
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Answer» A man invested Rs 45,000 in 15% Rs 100 shares quoted at Rs 125. When the market value of these shares rose to Rs 140, he sold some shares, just enough to raise Rs 8400. Calculate the : (i) Number of shares he still holds ; (ii) Dividend due to him on these remaining shares. [3 MARKS] |
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