Question

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:

a.

Rs. 12

b.

Rs. 15

c.

Rs. 18

d.

Rs. 21

Answer: (b).Rs. 15

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Q. 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:

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