Question

# A man invests ₹ 1680 in buying shares of nominal value ₹ 25 at 12% premium. The dividend on the shares is 15% per annum.Calculate 1) the number of shares he buys 2) the dividend he receives annually

A

62.5 shares & ₹ 250 respectively

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B

67.5 shares & ₹ 220 respectively

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C

65 shares & ₹ 250 respectively

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D

60 shares & ₹ 225 respectively

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Solution

## The correct option is B 60 shares & ₹ 225 respectively Total Investment = ₹ 1680 N.V is ₹ 25 and selling at 12% premium So M.V = ₹ 25 + 12% of ₹ 25 =25+(12100 )× 25 = ₹ 28 Amount Invested = ₹ 1680 No of share =Amount InvestedN.V. of 1 share=₹ 1680₹ 28=60 2) the dividend he receives annually Given Dividend = 15 % ; N.V = ₹ 25 ; Number of shares = 60 Dividend = No. of share × Dividend % × N.V Dividend =60×15100×25=₹225

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