Arithmetic in Theory And Practice.
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The most important of the Stocks are the following : (i) Consolidated Annuities or Consols, so called from the consolidation of the stock of various Annuities into a joint 3 per cent, stock. They amount to about ;^395,ooo,ooo stock.
(2) Reduced Annuities, so called because they have been re- duced to a ^3 Annuity from a higher Annuity : they amount to about ;£ 105,000,000 stock.
(3) New three per cent. Annuities, which have originated from the conversion of a higher Annuity to a 3 per cent. Ann...uity : they amount to about ;^i96,ooo,ooo stock.
Besides these, there is a small amount of new ■z\ per cent.
Annuities, and still smaller amounts of new 3 J per cent., and new 5 per cent. Annuities.
350. Consols are paid half-yearly on 5 Jan. and 5 July : Re- duced Annuities and New Three per cent. Annuities on 5 April and 5 Oct. : the price of the two latter ought therefore to be always the same, but ought to differ from that of Consols either in excess or defect by J of £1, or £\ : but owing to the comparative scarcity of Consols on the Stock Exchange, their price is ad- ventitiously higher than that of New or Reduced.
What to read after Arithmetic in Theory And Practice.?
You can find similar books in the "Read Also" column, or choose other free books by Brooksmith, John to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The most important of the Stocks are the following : (i) Consolidated Annuities or Consols, so called from the consolidation of the stock of various Annuities into a joint 3 per cent, stock. They amount to about ;^395,ooo,ooo stock.
(2) Reduced Annuities, so called because they have been re- duced to a ^3 Annuity from a higher Annuity : they amount to about ;£ 105,000,000 stock.
(3) New three per cent. Annuities, which have originated from the conversion of a higher Annuity to a 3 per cent. Ann...uity : they amount to about ;^i96,ooo,ooo stock.
Besides these, there is a small amount of new ■z\ per cent.
Annuities, and still smaller amounts of new 3 J per cent., and new 5 per cent. Annuities.
350. Consols are paid half-yearly on 5 Jan. and 5 July : Re- duced Annuities and New Three per cent. Annuities on 5 April and 5 Oct. : the price of the two latter ought therefore to be always the same, but ought to differ from that of Consols either in excess or defect by J of £1, or £\ : but owing to the comparative scarcity of Consols on the Stock Exchange, their price is ad- ventitiously higher than that of New or Reduced.
What to read after Arithmetic in Theory And Practice.?
You can find similar books in the "Read Also" column, or choose other free books by Brooksmith, John to read onlineMoreLess
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