In order to obtain an income of Rs. 900 from 20% stock at Rs. 102, one must make an investment of Choose one: A) Rs.6000 B) Rs.4590 C) Rs.4560 D) Rs.4500 E) Rs.4570
Explanation :   Market Value = Rs. 102.   Required Income = Rs. 900.   Here face value is not given. Take face value as Rs.100 if it is not given in the question   To obtain Rs.20(ie,20% of the face value 100), investment = Rs.102   To obtain Rs.900, investment = 102/20Ã—900=Rs.4590   Answer : Option Rs.4590
<result>B</result>
In order to obtain an income of Rs. 900 from 20% stock at Rs. 102, one must make an investment of