1.

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:

Answer» 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


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