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Discussion :: Stocks and Shares

  1. The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being \(\frac { 1 } { 4 } \)% is:

  2. A.

    Rs. 108.25

    B.

    Rs. 112.20

    C.

    Rs. 124.75

    D.

    Rs. 125.25

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    Answer : Option C

    Explanation :

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

     

    For an income of Rs.\( \frac {2 1 } { 2 } \),investment = Rs\( [\frac { 9000 } { 756 } *\)\( \frac {2 1 } { 2 } \)]= Rs. 125.

     

     For a Rs. 100 stock, investment = Rs. 125.

     

    Market value of Rs. 100 stock = Rs[125-\( \frac { 1 } {4 } ]\)= Rs. 124.75

     


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