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The cash realized by selling a 5 1/ 2% stock at 106 1/ 4, brokerage being 1/4% is?
Rs. 1051/2
1061/2
Rs. 106
None of these
Correct Answer:
Rs. 106
Explanation:
Cash realized = Rs. (106
1
/
4
- 1/4) = Rs. 106
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