A 6% stock yields 8%. The market value of the stock is:
Rs. 48
Rs. 75
Rs. 96
Rs. 133.33
Explanation:
For an income of Rs. 8, investment = Rs. 100.
| For an income of Rs. 6, investment = Rs.$ \left(\dfrac{100}{8} \times 6\right) $= Rs. 75. |
$\therefore$ Market value of Rs. 100 stock = Rs. 75.