Q. 44.6( 25 Votes )

Smt. Deshpande pu

Answer :

We know that if MV > FV, then the share is at premium.

MV = FV + Premium

MV = 5 + 20

= Rs. 25

We know that investment = number of shares × MV

Given, investment = Rs. 20, 000

Number of shares =

Number of shares =

= 800

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