13.
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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:
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Rs. 12
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Rs. 15
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Rs. 18
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Rs. 21
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Answer: Option B
Explanation:
Dividend on Rs. 20 = Rs.
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9
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x 20
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= Rs.
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9
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.
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100
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5
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Rs. 12 is an income on Rs. 100.
Rs.
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9
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is an income on Rs.
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100
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x
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9
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= Rs. 15.
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5
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12
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|
