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| 1. |
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at: |
| Answer» To earn Rs. 135, investment = Rs. 1620. To earn Rs. 8, investment = Rs. 1620 x 8 = Rs. 96. 135 Market value of Rs. 100 stock = Rs. 96. | |