Smita has invested Rs. 12,000 and purchased share of FV Rs. 10 at a premium of Rs. 2. Find the number of shares she purchased. Complete the given activity to get the answer.Activity :FV = 10 Premium = Rs. 2\(\therefore\) MV = FV + ____ = ____ \(+…
Q.2 (A)(iii) Smita has invested Rs. 12,000 and purchased share of FV Rs. 10 at a premium of Rs. 2. Find the number of shares she purchased. Complete the given activity to get the answer.
Activity :
FV = 10 Premium = Rs. 2
\(\therefore\) MV = FV + ____ = ____ \(+ 2\) \(= \) Rs. 12
\(\therefore\) Number of shares \(= \dfrac{\text{Total investment}}{\text{MV}} = \dfrac{12{,}000}{____} = \) ____ shares.