To produce an annual income of Rs. 800 from a 8% stock at 90, What is the amount of stock needed?  Select the correct option:
A) 10000	B) 11000	C) 12000	D) 13000	E) 14000
Since face value is not given, take it as Rs.100.   10000s it is an 8% stock, income (dividend) per stock = Rs.8   ie, For an income of Rs.8,amount of stock needed = Rs.100   For an income of Rs.800, amount of stock needed = 100×800/8=10000   10000nswer is 10000.
<result>A</result>
To produce an annual income of Rs. 800 from a 8% stock at 90, What is the amount of stock needed?