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Quantitative Aptitude :: Stocks and Shares - Discussion

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Choose the correct option.

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

Answer: Option (Login/Signup)

Show Explanation

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 :: IBM

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