What rate of interest is obtained from investing in 123/4

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What rate of interest is obtained from investing in 12³/₄ percent stock when the price is at premium of 2 percent ?

1. 25%
2. 8¹/₃
3. 12¹/₂%
4. 11²/₃%

Correct Option: C

Required answer = {51 / [4 x (100 + 2) + 0]} x 100
= 25/2
= 12¹/₂%