Question

Shreya purchased shares worth FV ₹45 at a premium of ₹15. How many shares will she get for ₹18600?

• A. 310

Answer 1

The correct option is A 310
Market Value (MV) = FV + Premium

$\therefore$ Market Value (MV)= ₹45 + ₹15 = ₹60

Number of Shares purchased

$=\frac{\text{Sum invested}}{\text{MV}}$

$=\frac{18600}{60}$

$=310.$