Use some thinking to answer the following question. 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:
Options:
(A) 12
(B) 10
(C) 14
(D) 25
(E) 15
Dividend Rs 20 = (9/100*20) = 9/5
12 is an income on Rs 100
Rs 9/5 is an income Rs (100/12*9/5) = Rs 15 So the final answer is (E).