Stocks and Shares - Arithmetic Aptitude Questions and Answers

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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:

Answer : Option B

Explanation :

Dividend on Rs. 20 = Rs. $[ \frac { 9 } { 100 } *20]$ =Rs. $\frac {9} { 5}$

Rs. 12 is an income on Rs. 100

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