By investing Rs. 1800 in 9% stock, Syam earns Rs. 120. The stock is then quoted at Choose the correct choice from the following.
A) Rs.135  B) Rs. 96  C) Rs. 85  D) Rs. 122  E) Rs. 142
Explanation :   Assume that face value = Rs.100.   Dividend per share = Rs.9 (as it is a 9% stock)   By investing Rs. 1800, he earns Rs.120   Investment needed to earn Rs.9 = 1800×9/120 = Rs.135   ie, stock is then quoted (then market value) = Rs.135   Rs.135nswer : Option Rs.135
<result>A</result>
By investing Rs. 1800 in 9% stock, Syam earns Rs. 120. The stock is then quoted at