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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:
ARs. 12
BRs. 15
CRs. 18
DRs. 21
ENone of these
Answer: Option B
Explanation:Dividend on Rs.20 = Rs.(9/100* 20) = Rs.9/5
Rs.12 is an income on Rs.100
Therefore Rs.9/5 is an income of Rs. (100/12 * 9/5) = Rs.15
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According to the stock policy of a company, each employee in the technical division is given 15 shares of the company and each employee in the recruitment division is given 10 shares. Employees belonging to both committees get 25 shares each. There are 20 employees in the company, and each one belongs to at least one division. The cost of each share is $10. If the technical division has 15 employees and the recruitment division has 10 employees, then what is the total cost of the shares given by the company?
A2650
B3180
C3250
D3120
Answer: Option C
Explanation:Workspace
3 / 40
A 6% stock yields 8% . The market value of the stock is :
ARs.75
BRs.96
CRs.133.33
DRs.48
Answer: Option A
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.
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Find the market value of the stock if 6% yields 10%.
A70
B80
C100
D60
Answer: Option D
Explanation:Let the investment be Rs.100 for an income of Rs.10
Therefore, for an income of Rs.6, the investment = 600/10 = Rs.60
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A 12% stock yielding 10% is quoted at:
A110
B112
C120
D67
Answer: Option C
Explanation:To earn Rs. 10, money invested = Rs. 100.
To earn Rs. 12, money invested =Rs.100/10*12 = Rs. 120.
Market value of Rs. 100 stock = Rs. 120.
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Find the annual income derived from Rs. 2500, 8% stock at 106?
A200
B150
C250
D100
Answer: Option A
Explanation:Income from Rs. 100 stock = Rs. 8.
Income from Rs. 2500 stock = Rs8/100*2500 = Rs. 200.
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A 9% stock yields 8%. The market value of the stock is:
ARs. 116.50
BRs. 90
CRs.112.50
DRs. 72
Answer: Option C
Explanation:To get Rs. 8, investment = Rs. 100
To get Rs. 9, investment = Rs. (100/8)*9 = Rs. 112.50.
Market value of Rs. 100 stock = Rs. 112.50.
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8 / 40
A 4% stock yields 5%. The market value of the stock of face value Rs. 100 is
A133
B80
C120
D75
Answer: Option B
Explanation:Market value of the stock = 4/5 * 100 = 80.
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Find the cost of Rs. 6400, 10% stock at 15 discount?
A5440
B6000
C5140
D2000
Answer: Option A
Explanation:Cost of Rs. 100 stock = Rs. (100-15) = Rs.85
Cost of Rs. 6400 stock = Rs.85/100*6400 = Rs. 5440.
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Which is better investment : 11% stock at 143 (or) 9 3/4% stock at 117 ?
A9 3/4% stock at 117
BCannot be compared, as the total amount of investment is not given
C11% stock at 143
DBoth are equally good
Answer: Option A
Explanation:Let investment in each case be Rs. (143 x 117).
Income in 1st case = Rs.11143 x 143 x 117 = Rs. 1287.
Income in 2nd case = Rs.394*117 x 143 x 117= Rs. 1394.25
Clearly, 9 3/4% stock at 117 is better.
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