Aptitude
11.
Seema had 50 preferred shares and 400 common shares of par value Rs. 100 each. If the dividend declared on preferred shares is 10% per annum and a semi-annual dividend of 7.5% is on common shares find the annual dividend received by Seema.
• A.
Rs. 7500
• C.
Rs. 8500
• B.
Rs. 6500
• D.
Rs. 5500
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Explanation :

Dividend on 50 preferred shares = Rs.   50 x 100 x
 10 100
= Rs. 500

Dividend on 400 common shares = Rs.   400 x
 100 100
x
 15 2
x 2    = Rs. 6000.

Total dividend received by Seema = Rs. (500 + 6000) = Rs. 6500

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12.
Find the income on 12% stock of Rs. 60000 purchased at Rs. 110
• A.
Rs. 7200
• C.
Rs. 7400
• B.
Rs. 7500
• D.
Rs. 8200
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Explanation :

Face value of the stock = Rs. 60000

Income on Rs. 100 stock = Rs. 12

Income on Re. 1 stock = Rs.
 12 100

Income on Rs. 60000 = Rs.
 12 100
x 60000    = Rs. 7200.

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13.
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
• A.
7.5%
• C.
9.7%
• B.
8%
• D.
None of these
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Explanation :

By investing Rs. 1552, income = Rs. 128

By investing Rs. 97, income = Rs.
 128 1552
x 97    = Rs. 8

Dividend = 8%

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14.
Find the investment to get an income of Rs. 1938 from 9
 1 2
%  Stock at 90 (Brokerage 1%)
• A.
Rs. 19642.60
• C.
Rs. 18543.60
• B.
Rs. 17543.00
• D.
Rs. 18600.60
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Explanation :

Brokerage = 1% Rs. 90 = Re. 0.90

Investment needed to buy Rs. 100 stock = Rs. 9090 on which the income is Rs. 9%

For income of Rs. 9
 1 2
, the investment = Rs. 90.90

For income of Rs. 1938, the investment = Rs.
 90.90 x 2 19
x 1938    = Rs. 18543.60

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15.
A 12% stock yielding 10% is quoted at:
• A.
Rs. 83.33
• C.
Rs. 112
• B.
Rs. 110
• D.
Rs. 120
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