Which investment gives a better return, assuming the face value of shares to be Rs.10?
A) 5% stock at 75, subject to 30% income tax
b) 4% stock at 90, tax free
Which investment gives a better return, assuming the face value of shares to be Rs.10?
A) 5% stock at 75, subject to 30% income tax
b) 4% stock at 90, tax free