Vishwanath
Sunday, February 17, 2013
28.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:
Option : B Dividend on Rs. 20 | = Rs. |
| 9 | x 20 |
| = Rs. | 9 | 100 | 5 |
Rs. 12 is an income on Rs. 100.
Therefore, Rs. | 9 | is an income on Rs. |
| 100 | x | 9 |
| = Rs. 15 | 5 | 12 | 5 |
|
Title : Stocks And Shares Q28
Description : 28.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: ...
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