Q. 24.2( 21 Votes )

# Find the purchase price of a share of FV Rs. 100 if it is at premium of Rs. 30. The brokerage rate is 0.3%.

Answer :

Face Value = Rs. 100

Premium = Rs. 30

Market value = (100 + 30) = Rs. 130

Rate of Brokerage = 0.3%

Brokerage =

Brokerage =

Purchase price = (130 + 0.39) = Rs. 130.39

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