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Question
Find the market value of 350, ₹ 100 shares at a premium of ₹ 8.
Sum
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Solution
Given:
Number of shares = 350
Face (nominal) value of each share = ₹ 100
Premium = ₹ 8
Step-wise calculation:
1. Market value of one share
= Nominal value + Premium
= ₹ 100 + ₹ 8
= ₹ 108
2. Market value of 350 shares
= 350 × ₹ 108
= ₹ 37,800
The market value of 350, ₹ 100 shares at a premium of ₹ 8 is ₹ 37,800.
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