Arithmetic by grades for inductive teaching, drilling and testing Volume 7

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ...amount of interest for 6 months. How were these bonds or notes worded? The principal was payable to whom? What was printed on each coupon? How many coupons were attached to each bond? Could the bonds be transferred from one person to another? When would the bonds be likely to sell at or above par? When below par? Suppose at the time of their issue you buy one of the five hundred dollar bonds at 2% premium, what do you have to pay for it? How much interest do you receive every six months? How do you get your interest money? Supposing the interest is paid Januuary 1, and you decide on that day to sell the bond at 1% discount, what sum do you receive? Suppose you decide to sell it March 1, what do you get? 5. What is the difference between stocks and bonds? Unless otherwise indicated, the par value of shares referred to in the following problems is $100. 1. What do I pay for 10 shares of railroad stock quoted at 108? From a semi-annual dividend of 3%, how much do I get on these shares in a year? 2. What is the cost of 20 shares of C. 15. & Q. stock at 110£? If it pays a quarterly dividend of lj%, what is my yearly income from this stock? 3. The Boston and Albany Railroad stock, selling at 190J, pays a quarterly dividend of 2%. How many shares must Mr. Brown buy to receive $200 a year? How much must he pay for those shares? What per cent does his investment pay? 4. What is the cost of 100 shares of a manufacturing company's stock at 110% of par value of $25 each? What will be the income on this stock, if the dividends amount to lf0 a year? What rate per cent will the investment pay? 5. What yearly income will an investment in Eastern G's give? If bought at 113J, what rate per cent will the investment pay? 6. How many shares of stock...