Curioustab

Home » Aptitude » Stocks and Shares

A man buys Rs. 20 shares paying 9% dividend. The man want to have an interest of 12% on his money. The market value of each share must be?

Rs. 12
Rs. 15
Rs. 18
Rs. 21

Correct Answer: Rs. 15

Explanation:

Dividend on Rs. 20 = Rs. 9 / (100 x 20) = 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

← Previous Question Next Question→

More Questions from Stocks and Shares

A man invested Rs. 388 in a stock at 97 to obtain and income of Rs. 22. The dividend from the stock is?
Which is better investment, 4% stock at per with an income tax at the rate of 5 paise per rupee or 4 1/ 2% stock at 110 free from income tax?
A man invest some money party in 3% stock at 96 and party in 4% stock at 120. To get equal dividend from both, he must invest the money in the ratio?
Which is the better stock, 5% at 143 or 3 1/ 2% at 93?
I want to purchase a 6% stock which must yield 5% on my capital. At what price must I buy the stock?
A invested some money in 4% stock at 96. Now, B wants to invest in an equally goods 5% stock. B must purchase a stock worth of?
Find the cost of Rs. 12600 Railway stock at 150 1/ 2% (dividend 5 1/ 2%)?
How much stock can be purchased for Rs. 794.50 at 112.5? (Brokerage 1% )
How much must 1 pay for Rs. 1365 stock at 104? (brokerage 1%)
How much 4 1/ 2% stock at 95 can be purchased by investing Rs. 1950? (Brokerage 1/4%)

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion