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1. 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

Solution:

\begin{aligned} Dividend on R s . 20 \\ = R s . (\frac{9}{100} \times 20) \\ = R s . \frac{9}{5} \\ R s . 12 is an income on R s . 100. \\ ∴ R s . \frac{9}{5} is an income on \\ = R s . (\frac{100}{12} \times \frac{9}{5}) \\ = R s . 15 \end{aligned}

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