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What is the market value of a 7.5% stock, in which an income of Rs. 1500 is derived by investing Rs. 5000...............

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What is the market value of a 7.5% stock, in which an income of Rs. 1500 is derived by investing Rs. 5000, brokerage being 3/4%?

posted Sep 5, 2019 by Pushpak Chauhan

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1 Answer

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Assume that face value = Rs.100
Dividend per share = Rs.7.5 (as it is 7.5% stock)
By investing Rs.5000, earnings = Rs.1500
To get an earning of Rs.7.5, investment required = (5000*7.5)/1500 = Rs.25
market value of Rs. 100 stock = Rs.(25- 3/4) = Rs.24.25

answer Oct 30, 2019 by Hanifa Mammadov
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