Discussion :: Stocks and Shares
- To obtain an annual income of Rs. 900 from a 9% stock at 90, the amount to be invested on stocks is:
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Answer : Option C
Explanation :
Since face value is not given, let it be Rs. 100
As it is an 9% stock, income (dividend) per stock = Rs. 9
Now, for an income of Rs. 9 the amount invested or the price of the stock = Rs. 100
For an income of Rs. 900, the amount invested in buying the stocks = Rs.
* 900 = Rs. 10,000
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