Stocks and Shares
- How much must 1 pay for Rs. 1365 stock at 104 ? (brokerage 1%)
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Required answer = Rs. 1365 x (104 + 1) / 100
= Rs. (1365 x 105) / 100Correct Option: C
Required answer = Rs. 1365 x (104 + 1) / 100
= Rs. (1365 x 105) / 100
= Rs. 1433.25
- What income will be derived by investing Rs. 1900 in 8 percent stock at 5 discount ?
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Required income = [1900 / (100 - 5 + 0)] x 8
[Here value of brokerage is 0]Correct Option: A
Required income = [1900 / (100 - 5 + 0)] x 8 = Rs. 160
[Here value of brokerage is 0]
- How much 41/2% stock at 95 can be purchased by investing Rs. 1950 ? (Brokerage 1/4%)
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We put market value i.e. 95 in place of (100 - discount), in this case.
Required answer = [1905 / (95 + 1/4)] x 100Correct Option: A
We put market value i.e. 95 in place of (100 - discount), in this case.
Required answer = [1905 / (95 + 1/4)] x 100 = Rs. 2000
- What rate of interest is obtained from investing in 81/2% per cent stock when the quoted price is 6.5 percent below par ?
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Required answer [(17/2) / (100 - 6.5)] x 100
= (17 / 187) x 100Correct Option: B
Required answer [(17/2) / (100 - 6.5)] x 100
= (17 / 187) x 100
= 91/11%
- How much stock can be purchased for Rs. 794.50 at 112.5 ? (Brokerage 1% )
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Rs. 794.50 = 112.5 + (1/100) x Amount of stock
∴ Amount of stock = (794.50 x 100) / 113.5Correct Option: D
Rs. 794.50 = 112.5 + (1/100) x Amount of stock
∴ Amount of stock = (794.50 x 100) / 113.5 = Rs. 700
