Logan buys 100 shares of par value Rs. 30 each, of a company, which pays an annual dividend of 12% at such a price that he gets 10% on his investment. Find the market value of a share.  Select the correct option.
A) 2
B) 4
C) 5
D) 36
E) 8
Face value of each share = Rs.30   Total dividend received by Logan = 100Ã—30Ã—12/100 = Rs.360   Let market value of 100 shares = Rs.x   xÃ—10/100=360   x = 3600   ie, Market value of 100 shares = Rs.3600   Hence, Market value of each share = Rs.36   Answer is 36.
<result>D</result>
Logan buys 100 shares of par value Rs. 30 each, of a company, which pays an annual dividend of 12% at such a price that he gets 10% on his investment. Find the market value of a share.