A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest o

Question

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:

Options:

A . Rs. 12

B . Rs. 15

C . Rs. 18

D . Rs. 21

Answer: Option B

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