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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:
A. Rs. 12 B. Rs. 15
C. Rs. 18 D. Rs. 21
Read Solution (Total 3)
-
- Dividend on Rs. 20 = Rs(9/100)x20 = Rs 9/5
Rs. 12 is an income on Rs. 100.
Rs.9 is an income on Rs. (100/120)x(9/5)= Rs. 15. - 11 years agoHelpfull: Yes(9) No(1)
- 15
The market value of each share is 20*9/12= 15 - 12 years agoHelpfull: Yes(7) No(5)
- As dividend rate is 9% so 9% of ₹20 is 20*(9/100)=₹(9/5)
Now Let ₹100 be the income then ₹12 is interest amount
for ₹9/5 to be interest amount we get income of (100/12)*(9/5)=₹15 - 7 years agoHelpfull: Yes(1) No(0)
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