A man buys Rs. 52 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:  Choose the correct choice from the following answers
A) s . 12  B) s . 15  C) s . 18  D) s . 21  E) s . 39

Rationale: "dividend on rs . 52 = rs . 9 / 100 x 52 = rs . 4.68 . rs . 12 is an income on rs . 100 . rs . 4.68 is an income on rs . 100 / 12 x 4.68 = rs . 39 . answer : option e"
Answer: E