A guy invests Rs. 20 in shares that offer a 9% dividend. The man desires a 12-percentage-point return on his investment. Each share has a market value of:
A. Rs. 12
B. Rs. 15
C. Rs. 18
D. Rs. 21
Answer:B
A guy invests Rs. 20 in shares that offer a 9% dividend. The man desires a 12-percentage-point return on his investment. Each share has a market value of:
A. Rs. 12 B. Rs. 15 C. Rs. 18 D. Rs. 21
Explanation: Rs. 20 dividend = Rs. 9/100 x 20 = Rs. 9/5,On a hundred rupees, Rs. 12 is a profit.An revenue of Rs. 9/5 is equal to Rs. 100/12 x 9/5 = Rs. 15.