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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