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Q.

A man wants to buy 124 shares available at Rs.66 (N.V= Rs.50). How much should he invest?


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a

Rs. 8481

b

Rs. 8184

c

Rs. 8258

d

Rs. 6285 

answer is B.

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Detailed Solution

Concept: We take into account all the information provided in the query and use the yearly income calculation to come up with the man's annual income.
Income is calculated as follows: Number of shares × rate of dividend × Nominal value
The given value ought to be considered the market value.
Question ImageNumber of sharesQuestion ImageCost of each shareQuestion ImageNow we will substitute the value of given values in the formula:
Question ImageHence, the correct answer is option (2).
 
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