Discussion :: Stocks and Shares
- Raman invested Rs. 347200 in 5% stocks at 120. If the brokerage is Rs. 2, find his annual income from his investment.
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Answer : Option C
Explanation :
Investment = Rs. 347200
Since face value is not given, we can take it as Rs. 100
So, dividend per share = Rs. 5
Market value = 120 + 2 = 124
Number of shares purchased = 347200/ 124 = 2800
Total income = 2800 * 5 = Rs. 14000
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