The market value of a 6.5% stock, in which an income of Rs. 390 is derived by investing Rs. 6300, br

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14 Oct 2019 Stocks

The market value of a 6.5% stock, in which an income of Rs. 390 is derived by investing Rs. 6300, brokerage being 3/4 %, is:

OPtion

1) 105.00
2) 105.75
3) 104.75
4) 104.25
5) 105.25
6) 104.96
7) 105.75
8) 104.46
9) 104.60
10) None of these

Solution

For an income of Rs. 390, investment = Rs. 6300

For an income of Rs. 6.5, investment = Rs. (6300/390) * 6.5 = 105
For a Rs. 100 stock, investment = Rs. 105

Market value of Rs. 100 stock = Rs. 105 - 0.75 = Rs. 104.25

Correct Option: 4 Best Solution (0)