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Stocks and Shares - General Aptitude

Q1:

By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

A Rs. 80

B Rs. 96

C Rs. 106

D Rs. 108

ANS:B - Rs. 96

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.