By investing Rs. 1800 in 9% stock, Syam earns Rs. 120. find out the stock is then quoted at which rate? Choose the correct choice from the following answers
A) 130
B) 135
C) 140
D) 150
E) 145

Rationale: "assume that face value = rs . 100 . dividend per share = rs . 9 ( as it is a 9 % stock ) by investing rs . 1800 , he earns rs . 120 investment needed to earn rs . 9 = 1800 × 9 / 120 = rs . 135 ie , stock is then quoted ( then market value ) = rs . 135 answer is b ."
Answer: B