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The Normal Higher Arithmetic

The Normal Higher Arithmetic


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1877 Excerpt: ...par Operation. value, $9500, multiplied by the rale; hence, the rate 93 75 equals $23.75 divided by 9500, which we find is.00 J--'--=.00 J " Rule I.--Divide the brokerage by the par value, to find the rate. Rule II.--Divide the difference between the real value of the stock, and the net proceeds or entire cost, by the par value, to find the rate. 2. A broker buys 54 shares of turnpike stock at 95; the brokerage was $13.50; what was the rate? Ans. %. 3. I send a broker $11,225 for which he buys 200 shares of Pittsburgh Gas Co. stock ($50) at a premium of 12%, retaining the brokerage; what was the rate?,4ns. c/0. 4. My broker having purchased, according to order, 18 shares of Reading R. R. stock ($50) at 57, informs me that the entire cost is $1028.25; what is the rate? Ans. %. 5. I gave a broker $15900 to invest in "Camden and Amboy" ($100); he bought 124 shares at 127, and remitted me the balance, $28; what rate of brokerage did he charge? Ans.%. 6. A broker sold 56 shares of a certain gas company ($25) at 31, and deducting his commission on both transactions, bought 26 shares Kensington Bank stock ($50) at 65, with a surplus of 839.25; what was the rate of brokerage? Ans. %. INCOME FROM STOCK INVESTMENTS. 579. Stock Investments may be made either for interest on the money, or for the increase of capital. 5SO. The Several Classes of stocks are those of Corporation!!, Stales, and the General Government. 581. United States Securities is the general name given to stocks of the General Government. They are often called Bonds and Notes. 582. Bonds are of two kinds, those which cannot be paid before a fixed date, and those which may be paid earlier than the date of payment. The first class are quoted in current transactions by the rate ...


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Product Details
  • ISBN-13: 9781130108989
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 152
  • Spine Width: 8 mm
  • Width: 189 mm
  • ISBN-10: 1130108988
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 286 gr


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