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What is the market value of 7% stock,in which an income of Rs 420 is derived by investing Rs 6000,brokerage being 3/4%?

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What is the market value of 7% stock,in which an income of Rs 420 is derived by investing Rs 6000,brokerage being 3/4%?
posted Jun 26, 2019 by Puneet Batra

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1 Answer

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Assume that face value = Rs.100
Dividend per share = Rs.7 (as it is 7% stock)
By investing Rs.6000, earnings = Rs.420
To get an earning of Rs.7, investment required = (6000*7)/420 = Rs.100
market value of Rs. 100 stock = Rs.(100- 3/4) = Rs.99.75

answer Nov 2, 2019 by Hanifa Mammadov
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