Q:
Which is better investment : 11% stock at 143 (or) 9 3/4% stock at 117 ?
Answer & Explanation
Answer: B) 9 3/4% stock at 117
Explanation: Let investment in each case be Rs. (143 x 117).
Income in 1st case = Rs. x 143 x 117 = Rs. 1287.
Income in 2nd case = Rs. x 143 x 117= Rs. 1394.25
Clearly, 9 3/4% stock at 117 is better.
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