Discussion
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
Answer: B
Rs. 1552 invested at Rs. 97 per Rs. 100 of face value buys
\[ \frac{1552}{97} \times 100 = \text{Rs. } 1600 \text{ of stock} \]
\[ \text{dividend rate} = \frac{128}{1600} = 8\% \]
The dividend is a percentage of the Rs. 1600 face value, not of the Rs. 1552 invested - that would give 8.25%.
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