Discussion
What investment must be made to obtain Rs 650 income from 10% stock at Rs 96?
Answer: B
Given market value = Rs 96
Required income = Rs 650
We assume the face value to be Rs 100.
To obtain 10% of face value, investment had to be Rs 96. So, in order to receive Rs 650, required investment is:
9.6*650=6240
Thus the investment should be Rs 6240.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development