Question: 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:\nOptions:\n(A) 12\n(B) 10\n(C) 14\n(D) 25\n(E) 15 Let's think first. Some random reasoning:
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Dividend Rs 20 = (9/100*20) = 9/5\n12 is an income on Rs 100\nRs 9/5 is an income Rs (100/12*9/5) = Rs 15 The final answer: (E).
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