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Graded School Arithmetic Volume 2

Graded School Arithmetic Volume 2


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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. 1903 Excerpt: ... 117f, brokerage. 9. $32,500 invested in U. S. 5's, at 30% premium, no brokerage. What is the annual income from the investment? 10. What income is derived from investing $2,650 in 5% bonds, at 105f, brokerage i%? 11. Find the income from investing $6,900 in 4% stock at 86, brokerage %. 12. A stock jobber has $12,075 to invest. Which will pay better, to buy State bonds, bearing 6% for 105; or to buy Chicago 7's at 115? How much better? 13." Find the number of shares which can be bought for $2,775, at HOf, brokerage 1%, and the annual income from a 3% quarterly dividend. 1. If a broker buys stock at 60 and sells it at 90, he makes $240. How many shares did he buy? SOLUTION. Cost = 60 per cent of par value, Selling price = 90 per cent of par value, 90 per cent--60 per cent = 30 per cent gain, 30 per cent = $240, 1 per cent = $8, 100 per cent = $800, amount of stock purchased, or 8 shares. 2. Street railway stock was bought at 90, and sold at par. The gain was $1,000. How many shares bought? 3. How many shares of stock must be bought at 110, to lose $1,200 by selling at 98? 4. The loss on mining stock bought at par and sold at 96 was $4,000. How many shares were bought? 5. A broker bought stock at 8% discount, and sold at 10% premium, gaining $360. How many shares did he buy? 6. What will cost U. S. 6's, at 112, to make an annual income of $1,200? SOLUTION. The income from 1 share = $6. To produce an income of $1,200, it will take as many shares as $6 is contained times in $ 1,200, or 200 shares. Market price = $ 112 per share. 200 shares will cost 200X$H2, or $22,400. 7. Find the amount invested in 10% stock, at 115, to produce an annual income of $2,000. 8. Find the amount invested in 5% stock, at 103, to produce an annual income of $800. 9. What amount...


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Product Details
  • ISBN-13: 9781130323757
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 64
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1130323757
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 132 gr


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