Stock and Share

Q 9: By investing Rs. 600 in 4% stock, Michael earns Rs. 100. The stock is then quoted at: A)Rs. 14 B)Rs. 34 C)Rs. 22 D)Rs. 24 Answer : Option D Explanation: To earn Rs. 100, investment = Rs. 600. To earn Rs. 4, investment = Rs.(600/100) x 4 = Rs. 24. Market value of Rs. 100 stock = Rs. 24. Q 10: How many shares of market value Rs. 25 each can be purchased for Rs. 8000 brokerage being 2%? A)213.725 B)313.725 C)333.825 D)None of these Answer : Option B Explanation: Cost price of each share = 25 + 2% of 25= 25.50 No.of shares = (8000/25.50)= 313.725 Q 11: Rs. 6500, 5% stock at 60. A)3700 B)3900 C)1900 D)3922 Answer : Option B Explanation: Cost of Rs. 100 stock = Rs. 60. Q 12: A man invested Rs.1452 in a stock at 90 to obtain an income of Rs.120. The dividend from the stock is A) 8.46% B)6.47% C) 5.4% D) 7.43% Answer : Option D Explanation: By investing Rs. 1452, income = Rs. 120. By investing Rs. 90, income = Rs. (120/1452 x 90) = Rs. 7.43 Therefore, Dividend = 7.43%.

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