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 :
"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"
multiply(divide(const_100, 12), multiply(divide(9, const_100), 48))