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Q1
:
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. 18
B
Rs. 15
C
Rs. 21
D
Rs. 12
Solution
ANS:
B
- Rs. 15
Dividend on Rs. 20 = Rs.
9
x 20
= Rs.
9
.
100
5
Rs. 12 is an income on Rs. 100.
Rs.
9
is an income on Rs.
100
x
9
= Rs. 15.
5
12
5
Share :
Rs.