The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 7500, brokerage being 1/4%, is:  Choose the correct choice from the following answers
A) 103.92	B) 114	C) 114.75	D) 124	E) 124.75
Face Value = Rs. 7500.   Dividend = 10.5%.   Annual Income = Rs. 756.   Brokerage per Rs. 100 = Rs. 0.25.   Dividend is always paid on the face value of a share.   Face Value * Dividend / (Market Value + Brokerage per Rs. 100) = Annual income.   = 7500 * 10.5 / 756 = Market Value of Rs. 100 stock + Brokerage per Rs. 100.   = Market Value of Rs. 100 stock + Brokerage per Rs. 100 = Rs. 104.17   = Market Value of Rs. 100 stock = Rs. 104.17 - Re. 0.25.   = Market Value of Rs. 100 stock = Rs. 103.92.   answer : 103.92
<result>A</result>
The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 7500, brokerage being 1/4%, is: