A man buys Rs. 56 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:
Choices:
A) s. 12
B) s. 15
C) s. 18
D) s. 21
E) s. 42
Dividend on Rs. 56 = Rs.	9/100	x 56 =Rs.	5.04	.   Rs. 12 is an income on Rs. 100.   Rs.	5.04	is an income on Rs.100/12 x 5.04	= Rs. 42.   Answer: Option s. 42
<result>E</result>
A man buys Rs. 56 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is: