Question

how many RS 150 shares at RS 18 discount can be bought for RS 13,332 brokerage 1%
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Answer 1

Step-by-step explanation:

1. A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?A. Rs.18B. Rs.15C. Rs.21D. Rs.12

2. A man invested Rs.1552 in a stock at 97 to obtain an income of Rs.128. What is the dividend from the stock?A. 7.5%B. None of theseC. 9.7%D. 8%