Stocks and Shares Practice Test 1

Question : 33 of 40

Marks: +1, -0

What should be the price of 3% stock, if money is worth 4%?

Solution:

Rs. 4 = Interest on Rs. 100
Rs. 3 = Interest on Rs.

100/ 4 × 3

= Interest on Rs. 75
∴ Price of Rs. 100 stock = Rs. 75

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