A man buys Rs. 52 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:
Answers:
A) s. 12
B) s. 15
C) s. 18
D) s. 21
E) s. 39
Dividend on Rs. 52 = Rs.	9/100	x 52 =Rs.	4.68	.   Rs. 12 is an income on Rs. 100.   Rs.	4.68	is an income on Rs.100/12 x 4.68	= Rs. 39.   Answer: Option s. 39
<result>E</result>
A man buys Rs. 52 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is: