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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.
108.25
B.
112.20
C.
124.75
D.
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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