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: Options.
A) Rs. 12
B) Rs. 15
C) Rs. 18
D) Rs. 21
E) Rs. 25
Explanation:   Dividend on Rs. 20 = Rs.	9/100*20= Rs.	9/5   Rs. 12 is an income on Rs. 100.   Rs.	9/5	is an income on Rs.(100/12 *9/5)= Rs. 15.   ANSWER IS Rs. 15
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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: