In oder obtain an income of rs 650 from 10% stock at rs 96 one must make an investment of
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Answered by
1
Market Value = Rs. 96.
Required Income = Rs. 650.
Here face value is not given. Take face value as Rs.100 if it is not given in the question
To obtain Rs.10 (ie,10% of the face value 100), investment = Rs.96
To obtain Rs.650, investment = 9610×650=6240
Answered by
0
Answer:
Market Value = Rs. 96.
Required Income = Rs. 650.
Here face value is not given. Take face value as Rs.100 if it is not given in the question
To obtain Rs.10 (ie,10% of the face value 100), investment = Rs.96
To obtain Rs.650, investment =
96
10
×
650
=
6240
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