There is also what is termed a Rupee Paper Loan, raised in India at 3 1/2 per cent. per annum. The interest is paid in the currency of the country, which is the rupee, and that coin being worth only a little more than half its nominal value in this country, the investor in this handspring stock would receive in the shape of interest little more than half the $3 10s. a year. The price of the stock in the market is consequently in the same proportion, and at the present moment is about $62 for every $100 stock.
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a Rupee Paper Loan...
@ 2006-09-17 – 20:56:00
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