Question

Find the market value of 150 shares.

• A. Rs. 15,600
• B. Rs. 15,603
• C. Rs. 15,601
• D. Rs. 15,604

Answer 1

The correct option is A Rs. 15,600

Premium 30%=30% of Rs. 80$=\frac{30}{100}\times 80=Rs.24$

$\therefore$Market value of 1 share=$80+24=Rs.104$

$\Rightarrow$ Market value of 150 shares =$150\times 104=Rs.15600$