a. The rate of interest on certain bonds is 5% per annum payable half yearly on the first day of January and the first day of July. If the actual value of the bonds is the same as their nominal value, how much, including accrued interest, should be paid for five $1000 bonds on the first day of April? . b. The rate of interest on certain bonds is 6% per annum payable half yearly on the first day of March and the first day of September. If the bonds are worth 4% premium, how much should be paid, including accrued interest, for ten $1000 bonds on the fifteenth day of July ? * c. Paid $2090 for two $1000 bonds. What premium was paid? What per cent d. Paid $5220 for six $1000 bonds. At what per cent below par were the bonds purchased? e. A man bought stock at 6% below par and sold it at 5% premium. He gained $1045. How much money did he invest? f. A man bought stock at 35% below par and sold it at 22% below par. He gained $1495. How much did he receive for the stock? g. How much must a man invest in 4% stock at 12% discount to yield an annual income of $560? h. A stock company, capitalized at $200,000, makes in one year a net gain of $18,250. If an 8% dividend is declared, how much may be "carried to surplus"? i. The amount carried to surplus is what per cent of the capital? *Each $1000 bond will cost $1000 plus 4% of $1000 plus the interest on $1000 from March 1 to July 15 at 6% a. Mr. Leet purchased 40 shares of Illinois Central Railroad stock at 35% premium. How much did he pay for the stock? b. When a 3% dividend is declared and paid, how much does he receive? c. Mr. Love bought 50 shares of stock in a gas manufactory at 42% below par and sold it at 13% below par. If he bought and sold this stock through a broker, paying of 1% for buying and of 1% for selling, how much was his gain? d. What must be the nominal value of 6% bonds that will yield to their owner an annual income of $396? e. What is the actual value of 6% bonds that will yield to their owner an annual income of $738, provided they will bring on the market a premium of 8 %? f. What is the actual value of 31% bonds that will yield to their owner an annual income of $196, provided they are selling on the market at 17% below par? g. A broker paid $8925 for some stock at 5% premium. What was the par value of the stock? * h. A broker paid $5208 for some stock, buying it at 16% below par. What was the par value of the stock? i. Which is the better investment, 4 % stock at 20% below par, or 6% stock at 20% above par? j. If the par value of certain stock is $50, how much above par is it when a share sells for $60? k. How much below par when a share sells for $45? * This question is equivalent to the following: $8925 is 105% of what? DENOMINATE NUMBERS LINEAR MEASURE The English and United States standard unit of length is the Imperial yard arbitrarily fixed by Act of Parliament and afterward adopted in the United States. It is about 360000 of the length of a pendulum that vibrates once a second at the level of the sea in the latitude of London. It is 3600 of a meter. 3937 391393 1 fathom (used in measuring the depth of the sea) = 6 feet. 1 knot (used in navigation) 1 league (used in navigation) = 1.15+ miles. = 3 knots. 1 hand (used in measuring the heights of horses) = 4 inches. 1 chain (used by civil engineers) 1 chain (used by land surveyors) 1 pace (used in measuring approximately) 1 barleycorn (used in grading length of shoes) 1 furlong (a term nearly obsolete) = 100 feet. = 66 feet. = of a rod. = of an inch. = of a mile. *The term pole is sometimes used instead of rod. 1. Mont Blanc is 15810 feet, or about miles high. miles high. 2. Mt. Everest is 29000 feet, or about 3. Commodore Dewey opened fire on the enemy at a distance of 5000 yards, or about - - miles. 4. My horse, measured over the front feet, is 161 hands, or feet inches high. 5. The vessel seemed to be about three leagues, or - miles distant. 6. On sounding, they found the depth of the water to be 15 fathoms, or feet. 7. The cruiser made 20 knots, or about an hour. miles, 8. The length of the lot was 36 paces, or about a. A 7-foot drive wheel of a locomotive makes how many revolutions to the mile? b. Which is the longest distance, 5 miles 319 rods 16 feet 6 inches, 5 miles 319 rods 5 yards 1 foot 6 inches, or 6 miles? c. Reduce 40 rd. 4 ft. 5 in. to inches. d. Reduce 1100 in. to yards, feet, and inches. 1. One half of a foot is what part of a rod? 2. One foot is what part of a rod ? 3. Three and one half feet is what part of a rod? 4. Ten and one half feet is what part of a rod ? a. Express 64 rods as a fraction of a mile, in its lowest terms. b. Express 96 rods as a fraction of a mile, in its lowest terms. c. One hundred eighty rods is what part of a mile? d. Change 80 rods to the fraction of a mile, and express the fraction decimally. e. Change 40 rods to the fraction of a mile, and express the fraction decimally. f. Change 1200 feet to the fraction of a mile, in its lowest terms. g. Change 3000 feet to the fraction of a mile, in its lowest terms. h. Change of a mile to feet. i. Change of a mile to feet. j. Change of a mile to rods. 7. A hundred yards is what part of a mile? m. A hundred feet is how many yards? n. A hundred yards is how many feet? |