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:

Question

Accepted Answer

Dividend on Rs. 20 = Rs. ❨ 9 x 20 ❩ = Rs. 9

∴ Rs.	9	is an income on Rs.	❨	100	x	9	❩	= Rs. 15.
	5			12		5

Discussion & Comments