Stocks and Shares Practice Test 1

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Question : 19 of 40

Marks: +1, -0

Find the market value of a 5% stock in which an income of Rs 240 is derived by investing Rs 1,200, brokerage being 1/2%.

Rs 24.50
Rs 26.05
Rs 30.50
Rs 25.80
None of these

Solution:

Market value

= {\Investment ×\% \rate \of \stock }/{\Annual \income}-\Brokerage

={1200×5}/240-1/2=24.50

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