A 12% stock yielding 10% is quoted at

### Concept & Market Quotation "Quoted at" simply refers to the current market value of the stock. It is derived by comparing the nominal dividend (on face value) with the actual yield (on market value). $$ \text{Quoted Price} = \left( \frac{\text{Dividend \%}}{\text{Yield \%}} \right) \times 100 $$ ### Step-by-Step Solution * **Given:** Dividend = 12%, Yield = 10%. Assume Face Value = ₹ 100. * **Step 1: Setup the formula.** $\text{Market Value} = \frac{12}{10} \times 100$ * **Step 2: Simplify.** $\text{Market Value} = 1.2 \times 100 = 120$ ### Exam Strategy & Shortcut Mentally fractionate: $\frac{12}{10}$ is exactly $1.2$. Multiply by a baseline face value of 100 to instantly get 120. No paper needed. ### Common Pitfall Reversing the fraction ($\frac{10}{12}$), which would give 83.33 (option a). Always remember: Market Value = (Dividend / Yield) * Face Value. ### Final Answer Therefore, the correct answer is **₹ 120**.