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Question:
A person owns 150 shares (face value Rs.25) of a company which declares a dividend of 12%. He sells the share at Rs. 40 and invests the proceeds in 7% stock (par value Rs.100) at Rs.80. What is the change in his income?
A person owns 150 shares (face value Rs.25) of a company which declares a dividend of 12%. He sells the share at Rs. 40 and invests the proceeds in 7% stock (par value Rs.100) at Rs.80. What is the change in his income?
Updated On: Jul 22, 2024
- Rs.50 less
- Rs.70 more
- Rs.60 less
- Rs.75 more
- Cannot be determined
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The Correct Option is C
Solution and Explanation
The correct option is (C): Rs.60 less.
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