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13-01-2022 Stocks and Shares

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


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Dapzoi Verified
Commented on 2022-01-15 11:00:10 (IST)
Answer: Option C

 

Explanation:

For an income of Rs. 756, investment = Rs. 9000.

For an income of Rs. 21/2  , investment = Rs. (9000/756) x (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