(c) $ac = \dfrac{b^2}{4}$
For real and equal roots, the discriminant $b^2 - 4ac = 0$, which gives $b^2 = 4ac$, i.e., $ac = \dfrac{b^2}{4}$.
Source: Chapter 4, Section 4.4 — Nature of Roots
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The key condition for equal (coincident) roots is discriminant = 0, i.e., $b^2 - 4ac = 0 \Rightarrow b^2 = 4ac$. Rearranging gives option (c). Options (a), (b), and (d) do not correctly represent this condition — note that (b) $b^2 = ac$ is missing the factor of 4, which is a common trap.