Stocks and Shares problems
- 1. Find the investment required to purchase $ 125000 of 8% stock at 92.
Options- A. $ 115000
- B. $ 120000
- C. $ 105000
- D. $ 125000 Discuss
Correct Answer: $ 115000
Explanation:
- 2. 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:
Options- A. 12
- B. 15
- C. 18
- D. 20 Discuss
Correct Answer: 15
Explanation:
Dividend on Rs. 20 = Rs. (9/100)x 20 = Rs.9/5.
Rs. 12 is an income on Rs. 100.
Rs.9/5 is an income on Rs.[ (100/12) x (9/5)] = Rs. 15.
- 3. A 6% stock yields 8% . The market value of the stock is :
Options- A. Rs.48
- B. Rs.75
- C. Rs.96
- D. Rs.133.33 Discuss
Correct Answer: Rs.75
Explanation:
For an income of Rs. 8, investment = Rs. 100.
For an income of Rs 6, investment =Rs. (100/8*6) = Rs. 75
Market value of Rs. 100 stock = Rs. 75.
- 4. In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
Options- A. 3100
- B. 6240
- C. 6500
- D. 9600 Discuss
Correct Answer: 6240
Explanation:
To obtain Rs. 10, investment = Rs. 96.
To obtain Rs. 650, investment = = Rs. 6240.
- 5. The cost price of a Rs.100 stock at 4 discount, when brokerage is 14 % is :
Options- A. Rs.95.75
- B. Rs.96
- C. Rs.96.25
- D. Rs.104.25 Discuss
Correct Answer: Rs.96.25
Explanation:
CP. = = Rs.96.25
- 6. By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
Options- A. 80
- B. 96
- C. 106
- D. 108 Discuss
Correct Answer: 96
Explanation:
To earn Rs. 135, investment = Rs. 1620.
To earn Rs. 8, investment = = Rs. 96.
Market value of Rs. 100 stock = Rs. 96.
- 7. A man invested Rs. 14,400 in Rs. 100 shares of a company at 20% premium. If his company declares 5% dividend at the end of the year, then how much does he get?
Options- A. Rs.500
- B. Rs.600
- C. Rs.650
- D. Rs.720 Discuss
Correct Answer: Rs.600
Explanation:
Number of shares = =120.
Face value = Rs.(100 x 120) = Rs.12000.
Annual income = Rs (5/100*12000) = Rs. 600
- 8. Find the cash realised by selling Rs. 2440, 9.5% stock at 4 discount (brokerage 1/4 %)
Options- A. 2000
- B. 2298
- C. 2290
- D. 2289 Discuss
Correct Answer: 2298
Explanation:
By selling Rs. 100 stock , cash realised =
By selling Rs. 2400 stock, cash realised = = Rs 2298.
- 9. A man invests in a 16% stock at 128. The interest obtained by him is :
Options- A. Rs. 8%
- B. Rs. 12%
- C. Rs. 12.5%
- D. Rs. 16% Discuss
Correct Answer: Rs. 12.5%
Explanation:
By investing Rs 128, income derived = Rs. 16
By investing Rs. 100, income derived =Rs. (16/128*100) = Rs.12.5
Interest obtained = 12.5%
- 10. A man sells Rs.5000, 12 % stock at 156 and uinvests the proceeds parity in 8 % stock at 90 and 9 % stock at 108. He hereby increases his income by Rs. 70. How much of the proceeds were invested in each stock?
Options- A. 4000
- B. 4200
- C. 4002
- D. 4020 Discuss
Correct Answer: 4200
Explanation:
S.P of Rs. 5000 stock = = Rs. 7800.
Income from this stock = = Rs. 600.
Let investment in 8 % stock be x and that in 9 % stock = (7800 - x).
Therefore,
Therefore, Money invested in 8 % stock at 90 = Rs. 3600.
Money invested in 9 % at 108 = Rs. (7800-3600) = Rs. 4200.
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