Stacks and Shares
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
Options:
| A. | Rs. 80 |
| B. | Rs. 96 |
| C. | Rs. 106 |
| D. | Rs. 108 |
Answer: Option B
To earn Rs. 135, investment = Rs. 1620.
To earn Rs. 8, investment = Rs. \(\left(\frac{1620}{135}\times8\right)\) = Rs.96.
Therefore Market value of Rs. 100 stock = Rs. 96.
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