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Complete Arithmetic; Elements and Commercial. New Series

Complete Arithmetic; Elements and Commercial. New Series


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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. 1888 Excerpt: ...WRITTEN EXERCISES. 2. If I draw a dividend of $400 on 60 shares of railroad stock, what is the rate? Ans. 6f%. 3. At what rate will Mr. Clare receive 84221 dividend on 804 shares of bank stock? Ans. 54$. 4. A lady owns 90 shares in a gas company whose stock is $650000, and her dividend is $315; what is the rate of dividend? Ans. 3$%. 5. Mr. Buckley holds 520 shares in an insurance company, and is assessed twice, to the amount of 130 shares and 52 shares, respectively; what are the rates? Ans. 25%, 0%. 6. Mr. Grant received a dividend of $225; what was the rate, if he owned 75 shares ( 50) in the stock? Ans. G%. Case IV. 47. To find the brokerage, when the par value, the market value, and the rate are given. 1. A broker sold 74 shares Erie R. R. Stock, and charged % brokerage; what amount of brokerage did he OPERATION. Solution.--The par value is equal 74 x $100 = $7400. t0 74 times 100--$7400. and the $7400 X i% = $18.50. brokerage is.00 times $7400 = $18.50. Rule.--To find the brokerage, multiply the par value by the rate. WRITTEN EXERClSES. 2. How irfuch does a broker receive for purchasing 121 shares Northern Central R. R. stock, at %? Ans. $30.25. 3. What is the brokerage on 432 shares Baltimore & Ohio R. R. stock, at %? Ans. $54. Jj.. Mr. Jackson bought, through his agent, 36 shares Erie R. R. stock at 112, and sold them at 120; how much was the brokerage, at % in both cases? 5. I sold 376 shares of stock, at % brokerage, and 292 shares of another kind, at %. Upon which kind was the brokerage the greater, and how much? 6. I sold, through my agent, 89 IT. 8. bonds at 106; how much brokerage did I pay? Note.--Agents generally charge f0 brokerage. 7. AVhat is the brokerage on the sale of 149 shares Suffolk Bank stock, if sold through an age...


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Product Details
  • ISBN-13: 9781231330531
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 84
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 1231330538
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 168 gr


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