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Question
Choose the most appropriate option:
A man buys Rs. 20 shares paying 9% dividend. The man expects to have an interest of 12% on his money. The market value of each share is:
Options
Rs. 12
Rs.15
Rs. 21
Rs. 18
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Solution
Rs. 15
Explanation:
Let the market value of share be x.
∴ 12% of x = 9% of 20.
∴ x = 15
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