Rs.25.92
Assume that face value = Rs.100
Dividend per share = Rs.8 (as it is 8% stock)
By investing Rs.2200, earnings = Rs.660
To get an earning of Rs.8, investment required = (2200*8)/660 = Rs.26.67
market value of Rs. 100 stock = Rs.(26.67- 3/4) = Rs.25.92