Question 14 Marks
Vivek invests ₹ $ 4,500$ in $8 \% $ ₹ $10$ shares at ₹ $ 15$. He sells the shares when the price rise to ₹ $ 30$, and invests the proceeds in $12 \%$ ₹ $100$ shares at ₹ $125$ . Calculate:
(i) the sale proceeds
(ii) the number of ₹ $125$ shares he buys
(iii) the change in his annual income from dividend.
(i) the sale proceeds
(ii) the number of ₹ $125$ shares he buys
(iii) the change in his annual income from dividend.
Answer
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