Stocks & Shares Mcqs

Q.  Find the cash required to purchase Rs. 3200, 7(1/2) % stock at 107(brokerage (1/2) %).

a. 3440
b. 4440
c. 5440
d. 6440


ANSWER: See Answer
 
Cash required to purchase Rs. 100 stock = Rs (107+(1/2)) = Rs. (215/2).
Cash required to purchase Rs. 100 stock = Rs [(215/2)*(1/100)*3200] = Rs. 3440
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