A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio:
A.3 : 4
B.3 : 5
C.4 : 5
D.16 : 15
Answer:D
A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio:
A.3 : 4 B.3 : 5 C.4 : 5 D.16 : 15