A 12% stock yielding 10% is quoted at:
Rs. 83.33
Rs. 110
Rs. 112
Rs. 120
Explanation:
To earn Rs. 10, money invested = Rs. 100.
| To earn Rs. 12, money invested = Rs.$ \left(\dfrac{100}{10} \times 12\right) $= Rs. 120. |
$\therefore$ Market value of Rs. 100 stock = Rs. 120.