A man buys 200 shares (par value of Rs 10) of a company which pays 12% per annum as dividend, at such a price that he gets 15% on his money. Find the market value of a share. Options: A . &nbspRs 8 B . &nbspRs 9 C . &nbspRs 10 D . &nbspRs 11

A man buys 200 shares (par value of Rs 10) of a company which pays 12% per an

Question

A man buys 200 shares (par value of Rs 10) of a company which pays 12% per annum as dividend, at such a price that he gets 15% on his money. Find the market value of a share.

Options:

A . Rs 8

B . Rs 9

C . Rs 10

D . Rs 11

Answer: Option A

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