Find the income derived from 88 shares of $ 25 each at 5 premium,
brokerage being (1/4) per share and the rate of dividend being 7(1/2)% per annum. Also, find the rate of interest on the investment.  Options: A) 6.2% B) 7.5% C) 6.5% D) 8.2% E) 4.6%
Cost of 1 share = $ [25+5+1/4)] = $ (121/4).   Cost of 88 shares = $[(121/4)*88= 
<gadget id="calculator">(121/4)*88</gadget>
<output>2_662</output>
$ 2662.   Therefore Investment made= $ 2662.   Face value of 88 shares = $ (88*25)= 
<gadget id="calculator">(88*25)</gadget>
<output>2_200</output>
$ 2200.   Dividend on $ 100= (15/2).   Dividend on $ 2200 = $ [(15/20*(1/100)*2200] = $ 165.    Income derived = $ 165.   Rate of interest on investment = [(165/2662)*100] = 6.2 %.   6.2%nswer 6.2%.
<result>A</result>
Find the income derived from 88 shares of $ 25 each at 5 premium,
brokerage being (1/4) per share and the rate of dividend being 7(1/2)% per annum. Also, find the rate of interest on the investment.