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26.
The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing
Rs. 9000, brokerage being
1
4
%, is:  
  • A.
    Rs. 108.25
  • C.
    Rs. 124.75
  • B.
    Rs. 112.50
  • D.
    Rs. 125.25
  • Answer & Explanation
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Answer : [C]
Explanation :
 
For an income of Rs. 756, investment = Rs. 9000.
 
For an income of Rs.
21
2
, investment = Rs.  
9000
756
x
21
2
   = Rs. 125.  
 
 
  For a Rs. 100 stock, investment = Rs. 125.  
 
Market value of Rs. 100 stock = Rs.   125 -
1
4
   = Rs. 124.75  
 
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27.
Find the income percent of a buyer on 5% debentures of face value Rs. 95 and available in the market for Rs. 125.
  • A.
    4.8%
  • C.
    3.8%
  • B.
    5.8%
  • D.
    2.8%
  • Answer & Explanation
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Answer : [C]
Explanation :
 
The market value of a debenture = Rs. 125
 
 
  Income on Rs. 125 is Rs. 5  
 
 
  Income on Rs. 95 is Rs.  
5
125
x 95    = Rs.
19
5
     
 
 
  Percent income on the debentures is 3.8%  
 
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28.
To produce an annual income of Rs. 1200 from a 12% stock at 90, the amount of stock needed is:
  • A.
    Rs. 10,000
  • C.
    Rs. 14,400
  • B.
    Rs. 10,800
  • D.
    Rs. 16,000
  • Answer & Explanation
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Answer : [A]
Explanation :
 
For an income of Rs. 12, stock needed = Rs. 100.
 
For an income of Rs. 12000, stock needed = Rs.  
100
12
x 1200    = Rs. 10,000  
 
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29.
A man sells 5000 common shares of a Company x (each of par value Rs. 10), which pays a dividend of 20% at Rs. 30 per share. He invests the sale proceeds in ordinary shares of Company Y (each of par value Rs. 25) that pays a dividend of 15%. If the market value of Company Y is Rs. 40, find the number of shares of Company Y purchased by the man
  • A.
    Rs. 3850
  • C.
    Rs. 3700
  • B.
    Rs. 3750
  • D.
    Rs. 3800
  • Answer & Explanation
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Answer : [B]
Explanation :
 
Income of the man from 5000 ordinary shares of Company X, which pays a dividend of 20%
 
= Rs.  
5000 x 10 x 20
100
   = Rs. 10000.  
 
Selling price of a share of Company X = Rs. 30
 
 
  Selling price of 5000 shares of Company X = Rs. (5000 x 30)  
 
  = Rs. 150000.      
 
Now, the market value of a share of Company Y is given to be Rs. 40.
 
 
  Number of shares of Company Y purchased by the man from Rs. 150000  
 
= Rs.  
150000
40
   = Rs. 3750  
 
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30.
A company issued 50000 shares of par value Rs. 10 each. If the total divided declared by the company is Rs. 62500, find the rate of dividend paid by the company.
  • A.
    8    		 1 %  
    2  
  • C.
    12%
  • B.
    12    		 1 %  
    2  
  • D.
    13    		 3 %  
    4  
  • Answer & Explanation
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Answer : [B]
Explanation :
 
Number of shares = 50000
 
Part value of a share = Rs. 10
 
 
  Total par value of 50000 shares = Rs. 500000  
 
Total dividend = Rs. 62500
 
 
  Rate of dividend paid by the company =  
62500
500000
x 100   % = 12
1
2
%    
 
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