A 6% stock yields 8%. The market value of the stock is:
Answer: Option B
For an income of Rs. 8, investment = Rs. 100.
Market value of Rs. 100 stock = Rs. 75.
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:
Face value = Rs. (540 x 10) = Rs. 5400.
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:
Answer: Option D
Let the investment in 9% stock be Rs. x.
Then, investment in 10% stock = Rs. (9800 - x).
24x = 9800 x 25 - 25x
49x = 9800 x 25
x = 5000.
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: Option C
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
Answer: Option E
To earn Rs. 135, investment = Rs. 1620.
Market value of Rs. 100 stock = Rs. 96.
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