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Discussion :: Stocks and Shares

  1. A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:

    2. A.

    7.5%
    B.

    8%
    C.

    9.7%
    D.

    None of these

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    Answer : Option B

    Explanation :

    By investing Rs. 1552, income = Rs. 128.

     

    By investing Rs. 97, income = Rs\([\frac { 128 } { 1552 } *97]\)= Rs. 8.

     

     Dividend = 8%

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