Multiple choice

What is the total amount required to buy 150 shares, if the face value of the share is Rs. 45 and rate of premium is 16%?

  1. Rs. 1,830

  2. Rs. 7,830

  3. Rs. 5,830

  4. Rs. 783

  5. Rs. 2,830
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Market value of the share = (100 + 16)% of Rs. 45 = Rs. 116 x 45/100 = Rs. 52.20 Total amount required to buy 150 such shares = Rs. (150 x 52.20) = Rs. 7,830

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