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16. Which is better investment, 4% stock at par with an income tax at the rate of 5 paise per rupee or 4 stock at 110 free from income tax?
A. 4% at par with income tax
B. 4 % at 110 free from income tax
C. both are equally good
D. an invested Rs. 388 in a stock at 97 to obtain an income of Rs. 22. The dividend from the stock is:
Explanation: ANSWER : 12%
17. The cash realized by selling a 5 stock at 106 brokerage being (1/4)%, is:
A. Rs. 105
B. Rs. 106
C. Rs. 106
D. none of these
Explanation: ANSWER : s. 106
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