Discussion Forum



1)

Find the cash required to purchase Rs. 4200, 7(1/2)% stock at 107 (brokerage 1/2 %)


A) 4515

B) 4500

C) 4514

D) 4550

Answer:

Option A

Explanation:

Cash required to purchase Rs. 100 stock = Rs.(107+(1/2))= Rs 215/2

Cash required to purchase Rs. 4200 stock = Rs.( (0215/2) x (1/100) X 4200 )=4515