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Stocks and Shares
A 12% stock yielding 10% is quoted at:
Rs. 83.33
Rs. 110
Rs. 112
Rs. 120
Show Answer
Correct Answer:
Rs. 120
Explanation:
To earn Rs. 10, money invested = Rs. 100.
To earn Rs. 12, money invested = Rs.
❨
100
x 12
❩
= Rs. 120.
10
∴ Market value of Rs. 100 stock = Rs. 120.
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