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Prateek Asked :

13-01-2022 Stocks and Shares

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:

A. Rs. 12
B. Rs. 15
C. Rs. 18
D. Rs. 21


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Dapzoi Verified
Commented on 2022-01-15 11:12:28 (IST)
Answer: Option B

 

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.