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Smt. Deshpand...

Question

Smt. Deshpande purchased shares of FV Rs 5 at a premium of Rs 20. How many shares will she get for Rs 20,000 ?

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Solution

Market value of each share = FV + Premium = Rs 5 + Rs 20 = Rs 25

Sum invested = Rs 20,000

∴ Number of shares = $\frac{Sum invested}{Market value of each share} = \frac{20000}{25}$ = 800

Thus, the number of shares purchased by Smt. Deshpande are 800.

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