Stocks and Shares Practice Test 1

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Question : 15 of 40

Marks: +1, -0

At what price is

4 1 /2

% stock quoted when Rs. 9600 cash can bring an income of Rs. 360 a year?

Rs. 100
Rs. 120
Rs. 125
Rs. 130

Solution:

Market Value

={9600 ×9}/{360 ×2}

= Rs. 120

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