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:
A. Rs. 12
B. Rs. 15
C. Rs. 18
D. Rs. 21
Answer: Option B
A. Rs. 12
B. Rs. 15
C. Rs. 18
D. Rs. 21
Answer: Option B
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
A. Rs. 3100
B. Rs. 6240
C. Rs. 6500
D. Rs. 9600
A. $$12\frac{1}{2}$$ %
B. $$13\frac{1}{2}$$ %
C. 15%
D. $$16\frac{2}{3}$$ %
Which is better investment: 11% stock at 143 or $$9\frac{3}{4}$$% stock at 117?
A. 11% stock at 143
B. $$9\frac{3}{4}$$% stock at 117
C. Both are equally good
D. Cannot be compared, as the total amount of investment is not given.
A. Rs. 12
B. Rs. 15
C. Rs. 18
D. Rs. 21
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