A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:
Select the correct option.
A) 22	B) 15	C) 66	D) 88	E) 19
Explanation:   Dividend on Rs. 20 = Rs. (9/100)x 20 = Rs.9/5.   Rs. 12 is an income on Rs. 100.   Rs.9/5 is an income on Rs.[ (100/12) x (9/5)] = Rs. 15.   Answer: 15) 15
<result>B</result>
A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is: