Curioustab

Home » Aptitude » Stocks and Shares

A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 6% his annual income is?

Rs. 267.30
Rs. 327.80
Rs. 324
Rs. 103.70

Correct Answer: Rs. 324

Explanation:

Number of shares = 4455 / 8.25 = 540
Face value = Rs. (540 x 10) = Rs. 5400
Income = Rs. (6/100) x 5400 = Rs. 324

← Previous Question Next Question→

More Questions from Stocks and Shares

A man bought 20 shares of Rs. 50 at 5 discount the rate of dividend being 4 3/ 4% The rate of interest obtained is?
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?
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% )

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion