Stocks and Shares Practice Test 1

Question : 38 of 40

Marks: +1, -0

Find the annual income derived by investing Rs 2,000 in 4% stock at 5 premium (brokerage 1%).

Solution:

Income amount

= \Investment/{ 100+\Premium+\Brokerage}×\%\Rate \of \Return

=2000/{100+5+1}×4=75.47

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