A man buys Rs. 48 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is: Select.
A) s . 12	B) s . 15	C) s . 18	D) s . 21	E) s . 36

Rationale: "dividend on rs . 48 = rs . 9 / 100 x 48 = rs . 4.32 . rs . 12 is an income on rs . 100 . rs . 4.32 is an income on rs . 100 / 12 x 4.32 = rs . 36 . answer : option e"
Answer: E