28.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:
A. Rs. 12
B. Rs. 15
C. Rs. 18
D. Rs. 21
Answer:
Option : B
Dividend on Rs. 20
|
= Rs.
|
|
9
|
x 20
|
|
= Rs.
|
9
|
100
|
5
|
Rs. 12 is an income on Rs. 100.
Therefore, Rs.
|
9
|
is an income on Rs.
|
|
100
|
x
|
9
|
|
= Rs. 15
|
5
|
12
|
5
|
|
