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Question 27 : If an investor planned to invest Rs 36,00,000 in purchasing the stocks of HUL on Monday, sell them off on Wednesday and use the entire proceeds to purchase the stocks of Britannia on the same day and sell them off again on Friday, then the total investment return during the week would be

1. 2.80 percent
2. 3.00 percent
3. 3.20 percent
4. 3.40 percent

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Explanatory Answer

Day	Monday		Tuesday		Wednesday		Thursday		Friday
Quote	Sell	Buy	Sell	Buy	Sell	Buy	Sell	Buy	Sell	Buy
Dabur	460	462	455	458	432	433	444	447	461	462
Marico	345	346	335	336	365	368	372	375	372	374
HUL	1931	1933	1952	1955	1979	1981	2044	2048	1966	1969
ITC	237	238	238	239	246	251	221	225	253	256
Britannia	3044	3046	3100	3101	3110	3115	3025	3027	3140	3144

Amount obtained by selling the stock = 36,00,000 × \\frac{Selling Price}{Buying Price})
= 36,00,000 × \\frac{1979}{1933})

Amount obtained by selling Britannia stock = 36,00,000 × \\frac{1979}{1933}) × \\frac{3140}{3115}) = Rs. 37,15,249.95

Investment return = \\frac{3715249.95 -3600000}{3600000}) = 3.2%

The answer is 3.20 percent

Choice C is the correct answer.

 

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