A man buys Rs. 48 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:  Choose the correct choice from the following options:  A) s. 12  B) s. 15  C) s. 18  D) s. 21  E) s. 36
Dividend on Rs. 48 = Rs.	9/100	x 48 =Rs.	4.32	.   Rs. 12 is an income on Rs. 100.   Rs.	4.32	is an income on Rs.100/12 x 4.32	= Rs. 36.   Answer: Option s. 36
<result>E</result>
A man buys Rs. 48 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is: