Stocks and Shares Practice Test 2

Question : 23 of 36

Marks: +1, -0

Find the market value of a

5 1/ 4 %

stock, in which an income of Rs. 756 is derived by investing Rs. 14976, brokerage being

1 /4 %

Solution:

Market value of a share with brokerage

=14976/756×21/4

= Rs. 104
Hence, market value of a share

= 104 – 1/4

= Rs. 103.75

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