A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:

1.

A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:

[A].	Rs. 12
[B].	Rs. 15
[C].	Rs. 18
[D].	Rs. 21

Answer: Option B

Explanation:

Dividend on Rs. 20 = Rs.		9	x 20		= Rs.	9	.
		100				5

Rs. 12 is an income on Rs. 100.

Rs.	9	is an income on Rs.		100	x	9		= Rs. 15.
	5			12		5

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