# Stocks and Shares

## Stocks and Shares

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 Question 1
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of :
 A Rs. 3100 B Rs. 6240 C Rs. 6500 D Rs. 9600
Question 1 Explanation:
To obtain Rs. 10, investment = Rs. 96. To obtain Rs. 650, investment = Rs.(96/10)x 650 ==> Rs. 6240.
 Question 2
A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:
 A Rs. 12 B Rs. 15 C Rs. 18 D Rs. 21
Question 2 Explanation:
Dividend on Rs. 20 = Rs.(9/100)x20 ==> Rs.9/5 . Rs. 12 is an income on Rs. 100. Rs. 9/5 is an income on Rs.((100/12)x(9/5)) ==> Rs. 15.
 Question 3
By investing in 50/3% stock at 64, one earns Rs. 1500. The investment made is:
 A Rs. 5640 B Rs. 5760 C Rs. 7500 D Rs. 9600
Question 3 Explanation:
To earn Rs.50/3 , investment = Rs. 64. To earn Rs. 1500, investment = Rs.64x(3/50)x1500 ==> Rs. 5760.
 Question 4
A 6% stock yields 8%. The market value of the stock is:
 A Rs. 48 B Rs. 75 C Rs. 96 D Rs. 133.33
Question 4 Explanation:
For an income of Rs. 8, investment = Rs. 100. For an income of Rs. 6, investment = Rs.((100/8)x6) ==> Rs. 75. Market value of Rs. 100 stock = Rs. 75.
 Question 5
A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:
 A Rs. 207.40 B Rs. 534.60 C Rs. 648 D Rs. 655.60
Question 5 Explanation:
Number of shares = 4455/8.25 ==> 540. Face value = Rs. (540 x 10) = Rs. 5400. Annual income = Rs.(12/100)x 5400 ==> Rs. 648.
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There are 5 questions to complete.