In: Finance
Lot | No. of Shares | Price | Amount in RM | ||
a) | Sale Price | 20 | 1000 | 8 | 160,000 |
b) | Cost of Investment | 20 | 1000 | 3.5 | 70,000 |
commission fees, stamp duty and clearing fees (1.5%) | 1,050 | ||||
71,050 | |||||
Interest on Minimum required margin (calculated below) | 2,800 | ||||
Cost of Investment | 73,850 | ||||
Minimum Required Margin (50%) | 35,000 | ||||
Interest @ 8% p.a. | 2,800 | ||||
c) | Profit from investment | 86,150 | |||
Rate of Return on investment | =86150/73850*100 | ||||
116.66 | |||||
Assumed that No dividend is delcared in current year. | |||||
If dividend is declared, please deduct RM 10,000 (20*1000*0.50) from Cost of Investment | |||||