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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:

A. Rs. 12

B. Rs. 15

C. Rs. 18

D. Rs. 21

Correct Answer :

B. Rs. 15



Dividend on Rs. 20 = Rs. 9100 × 20 = Rs. 95. 
Rs. 12 is an income on Rs. 100.
∴Rs. 95 is an income on Rs. 10012 × 95 = Rs. 15.
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