John buys 100 shares of par value Rs. 20 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.	Pick one:  A) 2  B) 24  C) 5  D) 6  E) 8
Face value of each share = Rs.20   Total dividend received by John = 100Ã—20Ã—12/100 = Rs.240   Let market value of 100 shares = Rs.x   xÃ—10/100=240   x = 2400   ie, Market value of 100 shares = Rs.2400   Hence, Market value of each share = Rs.24   Answer is 24
<result>B</result>
John buys 100 shares of par value Rs. 20 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.