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A retired man sells out Rs 7500 of a ...

A retired man sells out Rs 7500 of a 10% stock at Rs 105.50 and invests the proceeds in 14% stock at Rs 124.50. What is the change in income is he pays a service charge of 0.5% of the face value on each transaction? (a) Rs 95      (b) Rs 114    (c) Rs 132    (d) None of these

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