Michael gets Rs. 135, by investing Rs. 1620 in an 8% stock. The stock is then traded at the following price:
A. Rs. 80
B. Rs. 96
C. Rs. 106
D. Rs. 108
Answer:B
Michael gets Rs. 135, by investing Rs. 1620 in an 8% stock. The stock is then traded at the following price:
A. Rs. 80 B. Rs. 96 C. Rs. 106 D. Rs. 108
Explanation: To earn Rs. 135, you'll need to invest Rs. 1620.Investment = Rs. 1620/135x 8= Rs. 96 to earn Rs. 8.The market value of a stock worth Rs. 100 is Rs. 96.