Stock and Share

Q 5: A man invested Rs. 28,800 in Rs. 100 shares of a company at 20% premium. If his company declares 5% dividend at the end of the year, then how much does he get? A)Rs. 1300 B)Rs. 1250 C)Rs. 1200 D)None of these Answer : Option C Explanation: Number of shares =(28800/120)=240 Face value = Rs.(100 x 240) = Rs.24000. Annual Income=Rs. (5 x 24000)/100=Rs. 1200 Q 6: Find the annual income derived from Rs. 2200, 6% stock at 100? A)Rs.132 B)Rs.122 C)Rs.102 D)Rs.138 Answer : Option A Explanation: Income from Rs. 100 stock = Rs. 6. Income from Rs. 2200 stock =Rs. (6 x 2200)/100=Rs.132 Q 7: Find the cost of 82 shares of Rs. 10 each at 3/4 discount, brokerage being 1/4 per share. A)Rs. 779 B)Rs. 829 C)Rs. 589 D)Rs. 781 Answer : Option A Explanation: Cost of 1 share =Rs.[10-(3/4)+(1/4)]=Rs. 19/2 Cost of 82 shares =Rs.(19/2)x 82=Rs. 779 Q 8: Find the cash required to purchase Rs. 2800, 7(1/2)% stock at Rs.107(brokerage 1/2 %) A)Rs.2010 B)Rs.3201 C)Rs.3010 D)None of these Answer : Option C Explanation: Cash required to purchase Rs. 100 stock = Rs.[107+(1/2)]=Rs. 215/2 Cash required to purchase Rs. 2800 stock =Rs.[(215/2)x(1/100)x 2800]=Rs.3010

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