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Own 25 FV₹100 shares paying 12%. At ₹150 each, extra capital for ₹600 yearly income?

A₹4,500
B₹7,500
C₹3,750
D₹3,000
Answer & Solution
Correct answer: C. ₹3,750
Fifty shares are needed, so twenty-five additional shares cost ₹3,750.
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