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Question
What annual income is derived from ₹ 2750 of `4 1/2%` stock at ₹ 121?
Sum
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Solution
Given:
Investment = ₹ 2750
Stock = `4 1/2%` = 4.5%
Market price = ₹ 121
Nominal value `=(2750/121)xx100`
`=275000/121`
= ₹ 2272.73
Income:
`= 4.5/100xx2272.73`
= ₹ 102.27
Nominal value = ₹ 2750
Stock rate = 4.5%
Annual income `= 4.5/100xx2750`
= ₹ 123.75
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