The National Arithmetic on the Inductive System Combining the Analytic and Synthetic Methods Forming a Complete Course of Higher ArithmeticLeach, Shewell and Sanborn, 1863 - 444 σελίδες |
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Σελίδα 295
... premium , when for more than their original value ; below par , or at a discount , when for less than their original value . 398. The premium and discount on stocks are generally computed at a certain per cent . on the original or ...
... premium , when for more than their original value ; below par , or at a discount , when for less than their original value . 398. The premium and discount on stocks are generally computed at a certain per cent . on the original or ...
Σελίδα 296
... premium , or at a discount . Ex . 1. What is the value of 20 shares of bank stock , at 9 per cent . premium , their nominal or par value being $ 100 each ? OPERATION . $ 100 × 20 = $ 2000 ; $ 2000 X 1.09 = $ 2180 . Since the par value ...
... premium , or at a discount . Ex . 1. What is the value of 20 shares of bank stock , at 9 per cent . premium , their nominal or par value being $ 100 each ? OPERATION . $ 100 × 20 = $ 2000 ; $ 2000 X 1.09 = $ 2180 . Since the par value ...
Σελίδα 297
... premium , or at a discount . Ex . 1. Bought Ocean Insurance Company stock , at 7 per cent . premium , for $ 535 ; what is its par value ? Ans . $ 500 . Since $ 1 at 7 per cent . pre- $ 535 1.07 = $ 500 , Ans . mium equals $ 1.07 , the ...
... premium , or at a discount . Ex . 1. Bought Ocean Insurance Company stock , at 7 per cent . premium , for $ 535 ; what is its par value ? Ans . $ 500 . Since $ 1 at 7 per cent . pre- $ 535 1.07 = $ 500 , Ans . mium equals $ 1.07 , the ...
Σελίδα 298
... premium , or by 1 decreased by the rate per cent . discount , expressed decimally , and the quotient will denote the rate of interest required . - NOTE . If it be required to find at what price a stock , paying a certain rate per cent ...
... premium , or by 1 decreased by the rate per cent . discount , expressed decimally , and the quotient will denote the rate of interest required . - NOTE . If it be required to find at what price a stock , paying a certain rate per cent ...
Σελίδα 306
... premium of 15 per cent . , and thereby gained $ 120 . How many shares were there ? Ans . 8 shares . 2. Mining stock of a par value of $ 250 per share was bought at 9 per cent . premium , and afterwards sold at a loss of $ 25 per share ...
... premium of 15 per cent . , and thereby gained $ 120 . How many shares were there ? Ans . 8 shares . 2. Mining stock of a par value of $ 250 per share was bought at 9 per cent . premium , and afterwards sold at a loss of $ 25 per share ...
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25 per cent 30 days acres annexed annuity Arithmetic balance bank discount barrels becoming due bill bought bushels ciphers circumference column common denominator common fraction compound interest compound numbers contain continued fraction cost cube root decimal places decimal point diameter difference dividend division dollars equal equivalent EXAMPLES expressed decimally feet long figures gallons given number given rate grains greatest common divisor Hence hogshead hundred hundredths improper fraction inches least common multiple less longitude lowest terms miles minuend mixed number months multiplicand Multiply NOTE number denoting number of days number of terms obtain order or place paid par value payable payment pounds premium present worth prime factors principal proceeds proportion purchased quantity quotient rate per cent ratio Reduce remainder repetend rods RULE SECOND OPERATION share shillings sold square root subtract tens third thousand thousandths tons units weight whole number write yards