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Discussion :: Stocks and Shares

  1. What will be the investment in order to obtain an income of 550 from 10% stock at Rs. 96?

    2. A.
    5280
    B.
    6280
    C.
    7280
    D.
    8280

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    Answer : Option A

    Explanation :

    Market value = Rs. 96
    Dividend = 10 % = Rs. 10
    The face value is not given, so let it be Rs. 100
    To obtain Rs. 10 (10 % of face value) the required investment = Rs. 96
    To obtain Rs. 550, the required investment = 96/10 * 550 = 5280

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