The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 7500, brokerage being 1/4%, is:
Choose the correct choice:
A) 103.92
B) 114
C) 114.75
D) 124
E) 124.75

Rationale: "face value = rs . 7500 . dividend = 10.5 % . annual income = rs . 756 . brokerage per rs . 100 = rs . 0.25 . dividend is always paid on the face value of a share . face value * dividend / ( market value + brokerage per rs . 100 ) = annual income . = 7500 * 10.5 / 756 = market value of rs . 100 stock + brokerage per rs . 100 . = market value of rs . 100 stock + brokerage per rs . 100 = rs . 104.17 = market value of rs . 100 stock = rs . 104.17 - re . 0.25 . = market value of rs . 100 stock = rs . 103.92 . answer : a"
Answer: A