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Stocks and Shares
Find the cost of Rs. 12600 Railway stock at 150 1/ 2% (dividend 5 1/ 2%)?
Rs. 18963
Rs. 19863
Rs. 18933
None of these
Show Answer
Correct Answer:
Rs. 18963
Explanation:
Required answer = 12600 x (301 / 2) x (1 / 100) = Rs. 18963
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