The income derived from a ₹ 100, 13% stock at ₹ 105, is

### Concept & Stock Income The income (or dividend) derived from a single share of stock is calculated strictly based on its face value and the declared dividend rate. The market value at which the stock is trading does not affect the absolute dividend amount. $$ \text{Income} = \frac{\text{Dividend Rate}}{100} \times \text{Face Value} $$ ### Step-by-Step Solution * **Given:** Face Value = ₹ 100, Dividend Rate = 13%, Market Value = ₹ 105. * **Step 1: Identify the relevant variables.** For calculating income per share, only the Face Value and Dividend Rate are required. The market value (₹ 105) is extraneous information for this specific question. * **Step 2: Calculate the income.** Income = 13% of ₹ 100 Income = $0.13 \times 100 = 13$. ### Exam Strategy & Shortcut Dividend is always paid on the Face Value. If the Face Value is ₹ 100, the income in rupees is exactly equal to the dividend percentage. Thus, 13% stock yields ₹ 13 per share. ### Common Pitfall Using the market value (₹ 105) to calculate the income (e.g., trying to calculate 13% of 105), which will lead to a completely incorrect dividend amount. ### Final Answer Therefore, the correct answer is **₹ 13**.