Radhika invested Rs 5320 in 8% shares (Rs 100) at 5% below par and when the price quoted was at 5% above par she sold the shares and reinvested the proceeds in 11% share of Rs 10. Her income increased by Rs 42. Find the market value of Rs 10 shares.

Rs 13.2

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Rs 14.2

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Rs 12.2

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Rs 15.

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Solution

The correct option is A
Rs 13.2

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