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Q.
The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being 1/4% is :
A.
Rs.108.25
B.
Rs.112.20
C.
Rs.124.75
D.
Rs.125.25
View Answer
Correct choice: C
Explanation:
For an income of Rs.756, investment = Rs.9000 For an income of Rs.21/2, investment = Rs.(9000/756*21/2) = Rs.125 For a Rs.100 stock, investment = Rs.125. Market value of Rs. 100 stock = Rs.(125−1/4) = Rs. 124.75
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