Stocks and Shares Practice Test 2

Question : 34 of 36

Marks: +1, -0

How much 5% stock at 5 premium can be purchased by investing Rs 1,200 (brokerage1%)?

Solution:

Amount

= {\Purchase \cost}/{100+ \Premium +\Brokerage }×100

=1200/{100+5+1}×100=1132.07

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