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Stock and Shares
Which is better investment: 11% stock at 143 or 9% stock at 117?
A. 11% stock at 143
B. 39/4% stock at 117
C. Both are equally good
D. Cannot be compared, as the total amount of investment is not given.
Read Solution (Total 2)
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- Question is wrong
Let investment in each case be Rs. (143 x 117).
Income in 1st case = Rs.(11/143)x 143 x 117= Rs. 1287.
Income in 2nd case = Rs.[39/(4*117)]x 143 x 117 = Rs. 1394.25
Clearly, 9* 3/4% stock at 117 is better.
- 10 years agoHelpfull: Yes(3) No(0)
- 11% stock at Rs.143(FV Rs 100) gives a return of Rs.11
Effective rate of return is (11/143)*100=7.69%
Similarly the effective rate of return on the
second investment:(9/117)*100=7.69%
Both are equally good( Answer option is C) - 12 years agoHelpfull: Yes(0) No(1)
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