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1.
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
- A.Rs. 3100
- C.Rs. 6500
- B.Rs. 6240
- D.Rs. 9600
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
| To obtain Rs. 10, investment = Rs. 96. | |||||||||
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2.
12500 shares, of par value Rs. 20 each, are purchased from Ram by Mohan at a price of Rs. 25 each. Find the amount required to purchase the shares. If Mohan further sells the shares at a premium of Rs. 11 each, find his gain in the transaction.
- A.Rs. 75000
- C.Rs. 70000
- B.Rs. 85000
- D.Rs. 65000
- Answer & Explanation
- Report
Answer : [A]
Explanation :
Explanation :
| Market value of a share = Rs. 25 | |||||
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| Thus, the amount required to purchase 12500 shares = Rs. 312500 | |||||
| Then, Mohan sells these shares at a premium of Rs. 11 each. | |||||
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3.
Find the income by investing Rs. 81000 in 9% stock at 135.
- A.Rs. 5500
- C.Rs. 5400
- B.Rs. 6400
- D.Rs. 6000
- Answer & Explanation
- Report
Answer : [C]
Explanation :
Explanation :
| Here, the market value of the stock = Rs. 81000 | ||||||||||||
| By investing Rs. 135, stock of par value Rs. 100 is available | ||||||||||||
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4.
Brij has 800 shares of par value Rs. 50 each and 600 debentures of par value Rs. 100 each of the company. The company pays an annual dividend of 6% on the shares and interest of 12% on the debentures. Find the total annual income of Brij and rate of return on his investment.
- A.Rs. 9600, 9.6%
- C.Rs. 10600, 10.6%
- B.Rs. 8000, 8%
- D.Rs. 9000, 8.6%
- Answer & Explanation
- Report
Answer : [A]
Explanation :
Explanation :
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| Total investment of Brij = Rs. (800 x 50 + 600 x 100) | ||||||||||||
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5.
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
- C.Rs. 5400
- B.Rs. 5000
- D.Rs. 5600
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
| Let the investment in 9% stock be Rs. x. | |||||||||||||||||||||
| Then, investment in 10% stock = Rs. (9800 – x) | |||||||||||||||||||||
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