Stocks and Shares Practice Test 1

Question : 27 of 40

Marks: +1, -0

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

Solution:

Income amount

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

=5/{100-5+1}×100

=500/96=5.20

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