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To Produce An Annual Income Of Rs. 800 From A 8% Stock At 90, The Amount Of Stock Needed Is? |
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Answer» SINCE face value is not GIVEN, TAKE it as Rs.100. As it is an 8% stock, income (dividend) per stock = Rs.8 IE, For an income of Rs.8,amount of stock NEEDED = Rs.100 For an income of Rs.800, amount of stock needed = 100×800/8=10000. Since face value is not given, take it as Rs.100. As it is an 8% stock, income (dividend) per stock = Rs.8 ie, For an income of Rs.8,amount of stock needed = Rs.100 For an income of Rs.800, amount of stock needed = 100×800/8=10000. |
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