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  1. What rate of interest is obtained from investing in 91/2 percent stock. When the quoted price is 14 percent above par ?
    1. 81/3%
    2. 82/3%
    3. 91/3%
    4. Data inadequate
Correct Option: A

Actual rate percent = [91/2 / (100 + 14 + 0)] x 100
= 25/3
= 81/3%


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