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How much 4 1/ 2% stock at 95 can be purchased by investing Rs. 1950? (Brokerage 1/4%)

Rs. 2000
Rs. 2500
Rs. 2200
Rs. 2350

Correct Answer: Rs. 2000

Explanation:

We put market value i.e. 95 in place of (100 - discount), in this case.
Required answer = [1905 / (95 + 1/4)] x 100 = Rs. 2000

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