At what price is 11/2 % stock quoted when Rs.11880 cash can bring an income of Rs.297 a year?

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04 Mar 2016 Stock At what price is 11/2 % stock quoted when Rs.11880 cash can bring an income of Rs.297 a year?: OPtion
1) Rs.140
2) Rs.160
3) Rs.240
4) Rs.230
5) Rs.190
6) Rs.150
7) Rs.210
8) Rs.130
9) Rs.220
10)Rs.110; Correct Option: 9 Best Solution (2)

ABHINAV PUSHPAM 8 years AGO

To earn Rs. 297, investment = Rs. 11880
To earn Rs 11/2 , investment =
( 11880/297*11/2) = Rs.220
so, market value of Rs 100 stock = Rs 220.
Option 9)

Like? Yes (15) | No

Amit 8 years AGO

Assuming face value=100
11/2 per dividend
So investment needed=(11/2)*11880/297=220

Like? Yes (1) | No (3)

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India

Punjab

Time: 00:01:33

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At what price is 11/2 % stock quoted when Rs.11880 cash can bring an income of Rs.297 a year?

M4maths Previous Puzzles

04 Mar 2016 Stock