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Which is better investment : 11% stock at 143 (or) 9 3/4% stock at 117 ?

Correct Answer: 9 3/4% stock at 117

Explanation:

Let investment in each case be Rs. (143 x 117).


 


Income in 1st case = Rs. 11 143  x 143 x 117 = Rs. 1287.
Income in 2nd case = Rs. 39 4 × 117  x 143 x 117= Rs. 1394.25


 


Clearly, 9 3/4% stock at 117 is better.


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