top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

What is the market value of a 8.5% stock,in which an income of Rs 341 derived by investing Rs 3900,brokerage being 3/4%?

0 votes
227 views

What is the market value of a 8.5% stock, in which an income of Rs. 341 derived by investing Rs. 3900, brokerage being 3/4%?

posted Nov 29, 2018 by Nikita Sehgal

Share this puzzle
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

Assume that face value = Rs.100
Dividend per share = Rs.8.5 (as it is 8.5% stock)
By investing Rs.3900, earnings = Rs.341
To get an earning of Rs.8.5, investment required = (3900*8.5)/341 = Rs.97.21
market value of Rs. 100 stock = Rs.(97.21- 3/4) = Rs.96.46

answer Jan 10, 2019 by Hanifa Mammadov



Similar Puzzles
0 votes
What is the market value of a 7.5% stock, in which an income of Rs. 1500 is derived by investing Rs. 5000...............

What is the market value of a 7.5% stock, in which an income of Rs. 1500 is derived by investing Rs. 5000, brokerage being 3/4%?

...