To produce an annual income of TK 800 from a 8% stock at 80, the amount of stock needed is-

Question: To produce an annual income of TK 800 from a 8% stock at 80, the amount of stock needed is-

Solution:
since face value is not given, take it as TK 100
As it is a 8% stock, income(dividend) per stock = TK 8
ie, For an income of TK 8, the amount of stock needed = TK 100
For an income of TK 800, the amount of stock needed = (100 × 800)/8 = 10,000