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Par value of ...

Question

Par value of share is $R s .12$ . Market value is $R s .14 .4$ . The dividend on each share is $12$ %. What is the premium % offered?

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Solution

The correct option is A $12$ %
Market value=PV $\times$ Premium
$14.4 = 12 + x$ % of $12$
$x = 12$ %

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