John buys 100 shares of par value Rs. 10 each, of a company, which pays an annual dividend of 12% at such a price that he gets 10% on his investment. Find the market value of a share.  Select the correct option.
A) 12  B) 4  C) 5  D) 6  E) 8
Face value of each share = Rs.10   Total dividend received by John = 100Ã—10Ã—12/100 = Rs.120   Let market value of 100 shares = Rs.x   xÃ—10/100=120   x = 1200   ie, Market value of 100 shares = Rs.1200   Hence, Market value of each share = Rs.12   12nswer is 12
<result>A</result>
John buys 100 shares of par value Rs. 10 each, of a company, which pays an annual dividend of 12% at such a price that he gets 10% on his investment. Find the market value of a share.