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?  Choose the correct answer:
A) 15  B) 18  C) 12  D) 17  E) 20
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×12/100=9/5   Money Paid for a share=9/5×100/12=15   ie, Market Value of the share = Rs.15   15nswer is 15.
<result>A</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?