At what price should I buy a share whose face value is Rs.200 and pays dividen

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At what price should I buy a share whose face value is Rs.200 and pays dividend of $9 %$ , so that my yield is $12 %$

Answer: Option C
:
C

Let the required price be Rs. x

Dividend = $9 %$ of Rs. 200 = Rs. 18

0.12x = 18 $\Rightarrow$ x = Rs. 150

Hence option (c)

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