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  • Which of the following is the market value of the share, ...
Multiple choice

Which of the following is the market value of the share, if the face value of the share is Rs. 45 and the premium rate is 16%?

  1. Rs. 32.20

  2. Rs. 52.20

  3. Rs. 42.80

  4. Rs. 92.20

  5. Rs. 12.20

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

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