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What is market value of a 8% stock,in which an income of Rs. 660 is derived by investing Rs. 2200,brokerage being 3/4%?

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What is market value of a 8% stock,in which an income of Rs. 660 is derived by investing Rs. 2200,brokerage being 3/4%?
posted Feb 19, 2020 by Atif

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1 Answer

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Rs.25.92


Assume that face value = Rs.100
Dividend per share = Rs.8 (as it is 8% stock)
By investing Rs.2200, earnings = Rs.660
To get an earning of Rs.8, investment required = (2200*8)/660 = Rs.26.67
market value of Rs. 100 stock = Rs.(26.67- 3/4) = Rs.25.92

answer Feb 27, 2020 by Hanifa Mammadov
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