By investing ₹ 3450 in a 4 1/2% stock, a man obtains an income of ₹ 150. Find the market price of the stock. · ABC26GN5251

Subject: General Aptitude · Chapter: Stocks and Shares · Exam: SCMHRD 2002

By investing ₹ 3450 in a $4 \frac{1}{2} \%$ stock, a man obtains an income of ₹ 150. Find the market price of the stock.

(a)₹ 103.50

(b)₹ 105

(c)₹ 107.50

(d)₹ 110

Answer

Answer: A ✓ checked by 4AB · confidence high

Explanation

Income ₹150 at 4½ % needs ₹3333.33 of stock; price = 3450/3333.33 × 100 = ₹103.50.

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