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Find the cost of Rs. 12600 Railway stock at 150 1/ 2% (dividend 5 1/ 2%)?

Rs. 18963
Rs. 19863
Rs. 18933
None of these

Correct Answer: Rs. 18963

Explanation:

Required answer = 12600 x (301 / 2) x (1 / 100) = Rs. 18963

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