The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 8000, brokerage being 1/4%, is: Choose the correct choice from the following answers.
A) 110.86
B) 114
C) 114.75
D) 124
E) 124.75
Face Value = Rs. 8000.   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.   = 8000 * 10.5 / 756 = Market Value of Rs. 100 stock + Brokerage per Rs. 100.   = Market Value of Rs. 100 stock + Brokerage per Rs. 100 = Rs. 111.11   = Market Value of Rs. 100 stock = Rs. 111.11 - Re. 0.25.   = Market Value of Rs. 100 stock = Rs. 110.86.   answer : 110.86
<result>A</result>
The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 8000, brokerage being 1/4%, is: