Question
If $200, \mathrm{Rs} 100$ shares are bought at a premium of $\mathrm{Rs} 20$, then the total investment to be made is $\mathrm{Rs}$(1) 20000(2) 40000(3) 24000(4) 48000
Step 1
The market value is the face value plus the premium paid. In this case, the face value is Rs 100 and the premium paid is Rs 20. So, the market value of a single share is Rs 100 + Rs 20 = Rs 120. Show more…
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