 Hello and welcome to the session. In this session, we will discuss the following question and the question says, Turin invests $9,000 in a company paying a dividend of 6% per annum. When a share of phase value $100 stands at $150, where does his annual income? If he sells 50% of his shares, when the price rises to $200, what is his gain in this transaction? Let's start the solution now. We are given that Turin invests $9,000 and the market value of each share is $150. So we can say that since Turin invests $9,000 and market value of each share is equal to $150, so this implies number of shares bought by him is equal to his investment upon market value of share. This is equal to $9,000 upon market value of each share, which is $150, 0 gets cancelled and 15, 60 times is 900. So this is equal to 60. We will now calculate his income on one share. This is equal to rate of dividend into phase value of each share. Now we are given that the rate of dividend is 6% and phase value of each share is $100. So we have 6% of $100. This is equal to $6. Now first we have to calculate his annual income. So this implies his total annual income is equal to number of shares bought by him that is 60 into his income on one share which is $6 and this is equal to $360. So this is the answer. Now we are given that he sells 50% of his shares when the price rises to $200 and we have to find his gain in this transaction. Now since 50% of shares is equal to 50% of the total number of shares which is 60, this is equal to 50 upon 100 into 60. 52 times is 100 and 230 times is 60. So this is equal to 30. So we have 50% of shares is equal to 30. So that means he sells 30 shares when the price rises to $200. So this implies money received on selling these shares is equal to the number of shares sold that is 30 into market value of each share sold that is $200 and this is equal to $6,000. Now he purchased the shares when the market value was $150. So for Kevin lost of these shares is equal to the number of shares that is 30 into market value of the shares purchased that is $150 and this is equal to $4,500. Now we have to find his gain in this transaction. So therefore Kevin's gain in this transaction is equal to money received on selling the shares which is $6,000 minus cost of the shares that is $4,500 and this is equal to $1,500. So Kevin's gain in this transaction is equal to $1,500 and this is our answer. With this we end our session. Hope you enjoyed the session.