A 16% stock yielding 12% is quoted at?
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Given : 16% stock yielding 12%
To Find : Stock is Quoted at
Solution:
To get Rs. 12, investment = Rs. 100
To get Rs. 1 , investment = Rs. 100 /12
To get Rs. 16, investment = Rs. 100/12 * 16 = Rs. 133.33
Quoted value of Rs. 100 stock = Rs 133.33
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