Which is a better investment: 11% stock at 143 or 9\(\tfrac{3}{4}\)% stock at 117?

11% stock at 143
9 3 % stock at 117 4
Both are equally good
Cannot be compared, as the total amount of investment is not given.

Correct answer: 9 3 % stock at 117 4

Solution

For 11% stock at 143, yield = \(\frac{11}{143}\times 100 = 7.69\%\). For 9\(\tfrac{3}{4}\)% stock at 117, yield = \(\frac{9.75}{117}\times 100 = 8.33\%\). Since 8.33% is higher, the second investment is better.

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