Curioustab

Home » Aptitude » Stocks and Shares

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

Correct Answer: Rs. 15

Explanation:

Dividend on Rs. 20 = Rs.	❨	9	x 20	❩	= Rs.	9	.
		100				5

Rs. 12 is an income on Rs. 100.

∴ Rs.	9	is an income on Rs.	❨	100	x	9	❩	= Rs. 15.
	5			12		5

← Previous Question Next Question→

More Questions from Stocks and Shares

A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
Rs. 9800 are invested partly in 9% stock at 75 and 10% stock at 80 to have equal amount of incomes. The investment in 9% stock is:
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 man invests in a 4 1/ 2% stock at 96. The interest obtained by him is?
By investing Rs. 1100 in a 5 1/ 2% stock one earns Rs. 77. The stock is then quoted at?
To produce an annual income of Rs. 500 in a 4% stock at 90, the amount of stock needed is?
A 4% stock yield 5%. The market value of the stock is?
By investing a 6% stock at 96 an income of Rs. 100 is obtained by making and investment of?
The cash realized by selling a 5 1/ 2% stock at 106 1/ 4, brokerage being 1/4% is?
The income derived from a 5 1/ 2% stock at 95 is?

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion