Mathematics
NULL
Medium
Question
A man buys Rs.20 shares paying 9% dividend and wants 12% interest on his money. What is the market value of each share?
A
12
B
15
✓ Official correct answer
C
18
D
20
Community credibility
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A
12
No member explanations yet for this option.
B
15
No member explanations yet for this option.
C
18
No member explanations yet for this option.
D
20
No member explanations yet for this option.
Explanation
Dividend per share = 9% of 20 = 1.80. Market value = 1.80 / 0.12 = 15.