Overview Exercise "I never think of the future. It comes soon enough."
- Albert Einstein
Aptitude - Stocks and Shares
6.
A 6% stock yields 8%. The market value of the stock is:
A. Rs. 48 B.
Rs. 75
C. Rs. 96 D. Rs. 133.33
Answer: B
Explanation:
For an income of Rs. 8, investment = Rs. 100.
For an income of Rs. 6, investment = Rs.
100
x 6
= Rs. 75.
8
7.
A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:
A. Rs. 207.40 B. Rs. 534.60 C.
Rs. 648
D. Rs. 655.60
Answer: C
Explanation:
Number of shares =
4455
= 540.
8.25
Face value = Rs. (540 x 10) = Rs. 5400.
Annual income = Rs.
12
x 5400
= Rs. 648.
100
8.
Rs. 9800 are invested partly in 9% stock at 75 and 10% stock at 80 to have equal amount of incomes. The investment in 9% stock is:
A. Rs. 4800 B.
Rs. 5000
C. Rs. 5400 D. Rs. 5600
Answer: B
Explanation:
Let the investment in 9% stock be Rs. x .
Then, investment in 10% stock = Rs. (9800 - x ).
9
x x =
10
x (9800 - x )
75
80
3x
=
9800 - x
25
8
x = 9800 x 25 - 25x
x = 9800 x 25
x = 5000.
9.
A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio:
Answer: D
Explanation:
For an income of Re. 1 in 9% stock at 96, investment = Rs.
96
= Rs.
32
9
3
For an income Re. 1 in 12% stock at 120, investment = Rs.
120
= Rs. 10.
12
32
: 10 = 32 : 30 = 16 : 15.
3
10.
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
Answer: B
Explanation:
To earn Rs. 135, investment = Rs. 1620.
To earn Rs. 8, investment = Rs.
1620
x 8
= Rs. 96.
135
Market value of Rs. 100 stock = Rs. 75.