Stocks and Shares Practice Test 2

Question : 35 of 36

Marks: +1, -0

Find the interest obtained by Mr Swami if he invests in 12.5% stock of Rs 100 each at 0.17 discount, with the brokerage of

3 /4

per share.

Solution:

Face value = 100
Investment = 100 - 0.17 + .75 = 100.58
Income at face value = 12.5
Rate of interest

=12.5/100.5×100

=12.43%

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