Stocks and Shares Practice Test 1

Question : 22 of 40

Marks: +1, -0

Bhaskar wants to purchase 6% stock which must yield

4 1/2%

on his capital. So, at what price must he buy the stock?

Solution:

If income is Rs

9/ 2

, then investment = Rs 100
Now income is Rs 6, then investment = Rs

100× 2/9× 6

= Rs 133.34

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