A retired man sells out Rs. 7500 of a 10% stock at Rs. 105.50 and invests the pr

Question

A retired man sells out Rs. 7500 of a 10% stock at Rs. 105.50 and invests the proceeds in 14% stock at Rs. 124.50. What is the change in income if he pays a service charge of 0.5% of the face value on each transaction ?

Options:

A . Rs. 95

B . Rs. 114

C . Rs. 132

D . None of these

Answer: Option C

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