Aptitude - Stocks and Shares - Discussion
Discussion Forum : Stocks and Shares - General Questions (Q.No. 1)
1.
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
Answer: Option
Explanation:
To obtain Rs. 10, investment = Rs. 96.
| To obtain Rs. 650, investment = Rs. |  |
96 | x 650 |  |
= Rs. 6240. |
| 10 |
Discussion:
52 comments Page 2 of 6.
Faiz Shaikh said:
1 decade ago
Market value is Rs.96.
Dividend is 10%.
If we go through the formula.
Rate of interest p.a. = 10*100/96 would give us 10.42%.
So if we invest Rs.6240 we would get income of Rs.650.
Dividend is 10%.
If we go through the formula.
Rate of interest p.a. = 10*100/96 would give us 10.42%.
So if we invest Rs.6240 we would get income of Rs.650.
Shahbaz said:
1 decade ago
If you invest Rs. 96 in a 10% stock, then the profit is 96*(10/100) = 9.6.
To get Rs. 650, you have to multiply it with the profit factor i.e., 9.6.
Investment = 650*9.6 = Rs. 6240.
To get Rs. 650, you have to multiply it with the profit factor i.e., 9.6.
Investment = 650*9.6 = Rs. 6240.
Saurav Chakravarty said:
8 years ago
I guess the answer should be Rs 6500. Because if 10% is the profit per share then 10% of 6500/- makes 650/-. But 10% of 6240 makes 624/- which is not the desired profit 650.
Naveen said:
7 years ago
Dividend rate= 10,
Market price = Rs.96,
Income = Rs.650,
Investment = (income * market price )/dividend rate,
Investment = (650*96)/10,
= 6240.
Market price = Rs.96,
Income = Rs.650,
Investment = (income * market price )/dividend rate,
Investment = (650*96)/10,
= 6240.
(2)
Jatingarg said:
1 decade ago
Marketing value = 96.
Face value = 650.
Annual dividend = 10%of face value = 10\100*650 = 65.
An investment at Rs. 96 is = 65*96 = 6240.
Face value = 650.
Annual dividend = 10%of face value = 10\100*650 = 65.
An investment at Rs. 96 is = 65*96 = 6240.
Shanas said:
7 years ago
No.of share = 650 (total income)/income per share.
i.e.10 = 65.
So,
Investment per share= 96.
Investment for 65 shares= 96*65= 6240.
i.e.10 = 65.
So,
Investment per share= 96.
Investment for 65 shares= 96*65= 6240.
(3)
U.K Paul said:
1 decade ago
Face value = 100.
Dividend = 10.
So. To earn 650 we have to buy 650/10 = 65.
So, investment = 65*95 = 6240.
Dividend = 10.
So. To earn 650 we have to buy 650/10 = 65.
So, investment = 65*95 = 6240.
Shivani said:
1 decade ago
I think it should be like:
10% on 96= Rs.9.6
9.6--->96
for, 650---> 96*650/9.6=6500 not 6240
10% on 96= Rs.9.6
9.6--->96
for, 650---> 96*650/9.6=6500 not 6240
Hitesh Dhanwani said:
1 decade ago
I agree with what shivani posted. Cause it was not mentioned that 650 was the face value.
Venu said:
1 decade ago
I didn't understood answer. Please explain it clearly, What is face value, dividend etc.
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