The Senior Arithmetic for Grammar Schools
The Senior Arithmetic for Grammar Schools
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In our eReader you can find the full English version of the book. Read The Senior Arithmetic for Grammar Schools Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Senior Arithmetic for Grammar Schools
What reading level is The Senior Arithmetic for Grammar Schools book?
To quickly assess the difficulty of the text, read a short excerpt:
What will be A's dividend if he owns 35 shares ?
When there is a loss, each stockholder is required to pay his share of the loss. This is called an Assessment.
5. What would be A's assessment to meet a 2% loss ?
A person who buys or sells stocks for others is called a Stock-broker, and his commission is called Brokerage.
Note 1. — Brokerage is usually i % or J % of the par value.
Note 2. — In all stock transactions, dividends, assessments, brokerage, premium, and discount are computed on the pa...r value.
Note 3. — Shares are sometimes issued at $200, $250, $50, $25, or $10 each, but unless otherwise stated $100 is considered the par value of a share.
6. What is the market value of 10 shares of bank stock, when sold at par ?
7. What is the market value of 50 shares of railroad stock, at 10^ premium ?
Solution. — The market value of 1 share is $100 -|- $10 = $110.
The market value of 60 shares is 50 times $110.
8. What is the market value of 18 shares of mining stock at 16% below par?
What to read after The Senior Arithmetic for Grammar Schools?
You can find similar books in the "Read Also" column, or choose other free books by Charles Edward White to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
What will be A's dividend if he owns 35 shares ?
When there is a loss, each stockholder is required to pay his share of the loss. This is called an Assessment.
5. What would be A's assessment to meet a 2% loss ?
A person who buys or sells stocks for others is called a Stock-broker, and his commission is called Brokerage.
Note 1. — Brokerage is usually i % or J % of the par value.
Note 2. — In all stock transactions, dividends, assessments, brokerage, premium, and discount are computed on the pa...r value.
Note 3. — Shares are sometimes issued at $200, $250, $50, $25, or $10 each, but unless otherwise stated $100 is considered the par value of a share.
6. What is the market value of 10 shares of bank stock, when sold at par ?
7. What is the market value of 50 shares of railroad stock, at 10^ premium ?
Solution. — The market value of 1 share is $100 -|- $10 = $110.
The market value of 60 shares is 50 times $110.
8. What is the market value of 18 shares of mining stock at 16% below par?
What to read after The Senior Arithmetic for Grammar Schools?
You can find similar books in the "Read Also" column, or choose other free books by Charles Edward White to read onlineMoreLess
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