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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:
ARs. 12
BRs. 15
CRs. 18
DRs. 21
ENone of these
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Dividend on Rs.20 = Rs.(9/100* 20) = Rs.9/5
Rs.12 is an income on Rs.100
Therefore Rs.9/5 is an income of Rs. (100/12 * 9/5) = Rs.15
Asked In ::
Dividend on Rs 20= (9/100 *20)= Rs 9/5
Rs 12 is an income on Rs 100
So Rs 9/5 is an income on Rs(100/12 *9/5)= Rs 15.
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Dividend on Rs. 50 = Rs. ( 9 / 100 ) x 20
= Rs. 9 / 5
Rs. 12 is an annual income on Rs. 100.
Similarly, Re. 1 is an annual income on Rs. ( 100 / 12 )
Therefore, Rs. 9 / 5 is an annual income on Rs. ( 100 x 9 ) / (12 x 5 )
= Rs. 15
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Dividend on Rs.20 = Rs.(9/100* 20) = Rs.9/5
Rs.12 is an income on Rs.100
Therefore Rs.9/5 is an income of Rs. (100/12 * 9/5) = Rs.15
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