Lessons

General Aptitude
16.1 Stocks and Shares - General Questions

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Q.

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:

View Answer

Correct choice: B

Explanation:

Dividend on Rs. 20 = Rs. 9 x 20 = Rs. 9 .
100 5

Rs. 12 is an income on Rs. 100.

Rs. 9 is an income on Rs. 100 x 9 = Rs. 15.
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