Neco Model Questions Vol1 2017 Commerce Question 33
Practice objective / multiple choice question 33 from the 2017 Neco Model Questions Vol1 Commerce examination.
An investor bought 150 shares of Company A at \(\text{₦}2,500\) each and 200 shares of Company B at \(\text{₦}3,200\) each. Company A pays an annual dividend of 8% of its nominal price \(\text{₦}1,000\) per share; Company B pays 5% of its nominal price \(\text{₦}1,500\) per share. After one year the market price of Company A rises to \(\text{₦}2,800\) and Company B falls to \(\text{₦}2,900\). The broker charges 0.5% of the transaction value on both buying and selling. Calculate the investor's net profit (or loss) in naira after one year, including dividends and after all brokerage fees.
Answer Options
About This Question
This is Neco Model Questions Vol1 2017 Commerce Question 33. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.