By investing Rs. $2100$ in $10 %$ stock, Sam earns Rs. $250$ . The stock is then quoted

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Solution

Assume that face value $=$ Rs. $100$
Dividend per share $=$ Rs. $10$
By investing Rs. $2100$ , he earns Rs. $250$ .
Investment needed to earn Rs. $10 =$ $\frac{2100 \times 10}{250} = 84$
Stock is then quoted $=$ Rs. $84$ .

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