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:B
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