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  • Question
  • Find out the investment required to get an income of $ 1938 from 91/2% stock at 90 (Brokerage 1%).


  • Options
  • A. $ 19642.60
  • B. $ 17543.00
  • C. $ 18543.60
  • D. $ 18600.60

  • Correct Answer
  • $ 18543.60 

    Explanation


  • Stocks and Shares problems


    Search Results


    • 1. 
      Find the income on 12% stock of $ 60000 purchased at $ 110.

    • Options
    • A. $ 7200
    • B. $ 7500
    • C. $ 7400
    • D. $ 8200
    • Discuss
    • 2. 
      Jatin invested $ 27260 in buying $ 100 shares of a company at $ 116 each. If the company paid 16% dividend at the end of the year, find his income from the dividend.

    • Options
    • A. $ 3560
    • B. $ 2760
    • C. $ 3760
    • D. $ 3660
    • Discuss
    • 3. 
      A company declared an annual dividend of 10%. Find out the annual dividend received by Anu owning 4000 shares of the company having a face value of $ 100 each.

    • Options
    • A. $ 45000
    • B. $ 40000
    • C. $ 50000
    • D. $ 60000
    • Discuss
    • 4. 
      Find the income derived form 44 shares of Rs. 25 each at 5 premium (brokerage 1/4 per share ), the rate of dividend being 5%. Also find the rate of interest in the investment?

    • Options
    • A. Rs. 60.5, 4.55 %
    • B. Rs. 60, 5%
    • C. Rs. 80.5, 5.55 %
    • D. None of these
    • Discuss
    • 5. 
      A company declared an annual dividend of 10%. Find out the annual dividend of Ram owning 1500 shares of the company of face value $ 10 each.

    • Options
    • A. $ 1400
    • B. $ 1500
    • C. $ 1700
    • D. $ 1600
    • Discuss
    • 6. 
      A company has issued 10000 preferred shares and 50000 common shares both of par value $ 100 each. The dividend on a preferred share and a common share is 12% and 17.6%, respectively. The company had a total profit of $ 15 Millions, out of which some amount was kept in reserve fund and the remaining distributed as dividend. Find out the amount kept in reserve fund.

    • Options
    • A. $ 5 Million
    • B. $ 6 Million
    • C. $ 6.5 Million
    • D. $ 5.5 Million
    • Discuss
    • 7. 
      12500 shares, of par value $ 20 each, are purchased from Ram by Mohan at a price of $ 25 each. Find out the amount required to purchase the shares. If Mohan further sells the shares at a premium of $ 11 each, then find out his gain in the transaction.

    • Options
    • A. $ 75000
    • B. $ 85000
    • C. $ 70000
    • D. $ 65000
    • Discuss
    • 8. 
      Find the income by investing $ 81000 in 9% stock at 135.

    • Options
    • A. $ 5500
    • B. $ 6400
    • C. $ 5400
    • D. $ 6000
    • Discuss
    • 9. 
      What investment will be required to purchase $ 90000 of 8% stock at 110?

    • Options
    • A. $ 88000
    • B. $ 99000
    • C. $ 88500
    • D. $ 9950
    • Discuss
    • 10. 
      The shares of a company of par value $ 10 each, are available at 20% premium. Find out the amount paid by the buyer who wants to buy 2500 shares. What would be the gain of the buyer if he sells those shares at the rate of $ 20 per share?

    • Options
    • A. $ 25000
    • B. $ 30000
    • C. $ 20000
    • D. $ 22000
    • Discuss


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