A man buys 25 shares in company which pays 9 % dividend. The
money invested is such that it gives 10 % on investment. At what price did he buy the shares? Choose the correct choice from the following options.
A) 25	B) 22.5	C) 23	D) 24	E) 25.5
Suppose he buys each share for $ x.   Then, [25*(9/100)] = [x*(10/100)] or x = $ 22.50.   Cost of each share = $ 22.50.   Answer 22.5.
<result>B</result>
A man buys 25 shares in company which pays 9 % dividend. The
money invested is such that it gives 10 % on investment. At what price did he buy the shares?