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A wants to secure an annual income of...

A wants to secure an annual income of Rs 1500 by investing in 15% debentures of face value Rs 100 each and available for Rs 104 each. If the brokerage is 1%, then the sum of money he should invest is (a) Rs 10504     (b) Rs 10784     (c) Rs 15000     (d) Rs 19642

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