Discussion
What is the cost of buying Rs. 6000 of 5% stock at 95 ?
Answer: B
Correct answer: Rs. 5700
The quotation of 95 means each Rs. 100 of stock costs Rs. 95.
\[\text{Cost} = \frac{6000}{100} \times 95 = \text{Rs. } 5700\]
The 5% rate does not enter the purchase price at all; it governs only the income the stock will pay.
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