-
Find the income by investing $ 81000 in 9% stock at 135.
-
- $ 5500
- $ 6400
- $ 5400
- $ 6000
Correct Option: C
Here, the market value of the stock = $ 81000.
By investing $ 135, stock of par value $ 100 is available
∴ Income on $ 135 is $ 9.
∴ Income on $ 81000 = $ | Income on $ 135 | x market value of the stock | |||
investment |
= $ | 9 | x 81000 | = $ 5400 | ||
135 |