Find the cash required to purchase Rs. 3200, 7(1/2) % stock at 107(brokerage (1/2) %).
A. 3440
B. 4440
C. 5440
D. 6440
Cash required to purchase Rs. 100 stock = Rs (107+(1/2)) = Rs. (215/2).
Cash required to purchase Rs. 100 stock = Rs [(215/2)*(1/100)*3200] = Rs. 3440