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What is the correct answer?
4
A 12% stock yielding 10% is quoted at
A.
Rs. 83.33
B.
Rs. 110
C.
Rs. 112
D.
Rs. 120
Correct Answer :
D. Rs. 120
To earn Rs. 10, money invested = Rs. 100.
To earn Rs. 12, money invested =
R
s
.
100
10
×
12
=
R
s
.
120
.
Market value of Rs. 100 stock = Rs. 120.
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