$A$ man sells $5000$ common shares of Company $X$ (each of par value $Rs. 10$), which pays a dividend of $20\%$, at $Rs. 30$ per share. He invests the sale proceeds in ordinary shares of Company $Y$ (each of par value $Rs. 25$) that pays a dividend of $15\%$. If the market value of a share of Company $Y$ is $Rs. 40$, find out the number of shares of Company $Y$ purchased by the man.
- A$3850$
- B$3750$
- C$3700$
- D$3800$
Explore More
Similar Questions
Find the income by investing $Rs. 81000$ in $9 \%$ stock at $135$. (in $Rs.$)
Medium
View Solution$A$ company declared a semi-annual dividend of $7 \frac{1}{2} \%$. Find out the annual dividend of Chetan,who owns $1250$ shares of the company,each having a par value of $Rs. 10$. (in $Rs.$)
Medium
View Solution$A$ company declared an annual dividend of $10 \%$. Find out the annual dividend received by Anu owning $4000$ shares of the company having a par value of $Rs. 100$ each. (in $Rs.$)
Medium
View SolutionSushma invested $Rs.\, 245000$ in $7\%$ stock at $98$ and sold the stock when its price rose to $Rs.\, 100$. She invested the sale proceeds in $9\%$ stock at $125$. Find out the change in income of Sushma. (in $Rs.$)
Medium
View Solution$A$ company issued $50000$ shares of par value $Rs. 100$ each. If the total dividend declared by the company is $Rs. 125000$,out of which $Rs. 50000$ have been kept in reserve fund and the remaining is distributed as dividend,find out the rate of dividend paid by the company (in $\%$).
Medium
View SolutionVedclass Products
For Students
Vedclass Test Series
Mock tests in real JEE/NEET style with performance analysis. 5-day free trial.
Start Free TrialFor Teachers
Exam Paper Generator
Generate Set A/B/C/D exam papers from 7.5L+ questions in 2 minutes. 3 chapters free.
Try FreeFor Institutes
Online Exam Module
Live online exams with unlimited students, 360° analytics & white-label branding.
See Demo