What rate of interest is obtained from investing in 9 1/ 2 percent stock. When t

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Question
What rate of interest is obtained from investing in 9 ¹/ ₂ percent stock. When the quoted price is 14 percent above par?
Options
A. 81/3%
B. 82/3%
C. 91/3%
D. Data inadequate

Correct Answer

81/3%

Explanation

Actual rate percent = [9¹/₂ / (100 + 14 + 0)] x 100
= 25/3
= 8¹/₃%

Stocks and Shares problems

Search Results

1.
What rate of interest is obtained from investing in 9 ¹/ ₂% percent at par?
Options
A. 91/2%
B. 81/2%
C. 182/3%
D. None of these

2.
Find the cost of 96 shares of Rs. 10 each at 3/4 discount brokerage being 1/4 per share?
Options
A. Rs. 912
B. Rs. 812
C. Rs. 712
D. None of these

3.
How much money is obtained from the sale of Rs. 1700 stock at 106 ¹/ ₄%?
Options
A. Rs. 1806.25
B. Rs. 1608.25
C. Rs. 1808.75
D. None of these

4.
How much stock must be sold to realize Rs. 7350 from a stock at 105?
Options
A. Rs. 7500
B. Rs. 6920
C. Rs. 7000
D. Rs. 6400

5.
What rate % is obtained by investing in 7% at 5 discount? (Brokerage 1/4 %)
Options
A. 7.35%
B. 7.55%
C. 7.05%
D. 8%

6.
What is the annual income derived from Rs. 1800, 5% stock at 100?
Options
A. Rs. 90
B. Rs. 100
C. Rs. 110
D. Rs. 95

7.
What is the annual income by investing Rs. 3000 in 6% stock at 120?
Options
A. Rs. 150
B. Rs. 100
C. Rs. 200
D. Rs. 250

8.
Find the annual income derived by investing Rs. 770 in 4 ¹/ ₂% stock at 96? (Brokerage 1 / 4%)
Options
A. Rs. 56
B. Rs. 46
C. Rs. 39
D. Rs. 36

9.
Rs. 2780 are invested party in 4% stock at 75 and 5% stock at 80 to have equal amount of incomes. The investment in 5% stock is?
Options
A. Rs. 1500
B. Rs. 1280
C. Rs. 1434.84
D. Rs. 1640

10.
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?
Options
A. Rs. 267.30
B. Rs. 327.80
C. Rs. 324
D. Rs. 103.70

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