# 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 :

Rs. 3100 | |

Rs. 6240 | |

Rs. 6500 | |

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:

Rs. 12 | |

Rs. 15 | |

Rs. 18 | |

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:

Rs. 5640 | |

Rs. 5760 | |

Rs. 7500 | |

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:

Rs. 48 | |

Rs. 75 | |

Rs. 96 | |

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:

Rs. 207.40 | |

Rs. 534.60 | |

Rs. 648 | |

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.