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A 12% stock yielding 10% is quoted at:

67
110
112
120

Correct Answer: 120

Explanation:

To earn Rs. 10, money invested = Rs. 100.

To earn Rs. 12, money invested = $R s . \frac{100}{10} * 12$ = Rs. 120.

Market value of Rs. 100 stock = Rs. 120.

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