 Hello and welcome to the session. In this session, we will discuss the following question and the question says, Norton invested $12,500 and purchased 1000 shares of par value $10 each. How much above par is the market value of these shares? If the dividend per share is 10%, find Norton's income from these shares. Let's start the solution now. We are given that Norton invested $12,500 and purchased 1000 shares. So, market value of 1000 shares is equal to $12,500. Therefore, market value of one share is equal to $12,500 upon $1000. These zeros get cancelled. So, this is equal to $12,50. Also, we are given that par value of each share is $10. So, face value, which is also the par value of one share is equal to $10. Now, we have to find how much above par is the market value of these shares? Now, the difference between the market value of one share and face value of one share is $2,50. Hence, the market value is $2,50 above par. Next, we are given that the dividend per share is 10% and we have to find Norton's income from these shares. We know that face value of each share is $10. So, face value of 1000 shares is equal to 1000 into face value of one share, which is $10. This is equal to $10,000. Now, the dividend paid is at a rate of 10%. Therefore, dividend paid on 1000 shares is equal to 10% of $10,000. That is, $10,000 into $10,000, zeros get cancelled and this is equal to $1,000. Hence, Norton's income from 1000 shares is equal to $1,000. So, the final answer to the question is market value is $2,50 above par and Norton's income from 1000 shares is equal to $1,000. With this, we end our session. Hope you enjoyed the session.