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56.
Find the annual dividend received by Nishita from 1200 preferred shares and 3000 common | ||||||||
shares both of par value Rs. 50 each if the dividend paid on preferred shares is 10% and | ||||||||
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- A.Rs. 18500
- C.Rs. 14500
- B.Rs. 16500
- D.Rs. 14500
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
Dividend on 1200 preferred shares = 10% of Rs. (1200 x 50) | ||||||||||
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57.
A 6% stock yields 8%. The market value of the stock is:
- A.Rs. 48
- C.Rs. 96
- B.Rs. 75
- D.Rs. 133.33
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
For an income of Rs. 8, investment = Rs. 100. | |||||||||
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58.
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Find his gain percent. |
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A.5
1 % 6 -
C.5
5 % 6
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B.4
1 % 6 -
D.4
5 % 6
- Answer & Explanation
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Answer : [B]
Explanation :
Explanation :
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59.
A man invested Rs. 260000 in 5% stock at 104. He sold the stock when the price rose to Rs. 125 and invested the sale proceeds in 6% stock. By doing this his income increased by Rs. 2500. At what price did he purchase the second stock?
- A.Rs. 225
- C.Rs. 125
- B.Rs. 175
- D.Rs. 150
- Answer & Explanation
- Report
Answer : [C]
Explanation :
Explanation :
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Income on second stock is Rs. 2500 more on the first stock | ||||||||||||||
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Let Rs. x be the market value of the second stock | ||||||||||||||
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i.e. The man purchased the stock at Rs. 125. | ||||||||||||||
60.
Anu invested Rs. 32400 in 8% stock at 90. She sold out Rs. 18000 stock when the price | |||||||
rose to Rs. 95 and the remaining stock at Rs. 98. She invested the total sale proceeds in | |||||||
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- A.Rs. 750
- C.Rs. 760
- B.Rs. 720
- D.Rs. 740
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
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Hence, change in income = Rs. (3600 – 2880) = Rs. 720. | |||||||||||||