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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