Stocks and Shares Practice Test 1

Question : 16 of 40

Marks: +1, -0

What rate per cent is obtained by investing in 5% stock at 5 premium (brokerage 1%).

Solution:

Actual rate percent

={% \rate \of \stock }/{100 +\Premium +\Brokerage }×100

=5/{100+5+1}×100×100= 471.69

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