The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being $ \dfrac{1}{4} $%, is:
Rs. 108.25
Rs. 112.20
Rs. 124.75
Rs. 125.25
Explanation:
For an income of Rs. 756, investment = Rs. 9000.
| For an income of Rs.$ \dfrac{21}{2} $, investment = Rs.$\dfrac{9000}{756} \times \dfrac{21}{2} $= Rs. 125. |
$\therefore$ For a Rs. 100 stock, investment = Rs. 125.
| Market value of Rs. 100 stock = Rs.$ \left(125 -\dfrac{1}{4} \right) $= Rs. 124.75 |