A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share? Select the correct option:  A) Rs.12  B) Rs.18  C) Rs.15  D) Rs.21  E) Rs.25
Explanation :   Face value of each share = Rs.20   Dividend per share = 9% of 20 = 9×20/100=9/5   He needs to have an interest of 12% on his money   ie, Money Paid for a share 9×12/100=9/5   Money Paid for a share=9/5×100/12=15   ie, Market Value of the share = Rs.15   Answer : Option Rs.15
<result>C</result>
A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?