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### Discussion :: Stocks and Shares

1. 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:

2.  A. 12 B. 15 C. 18 D. 21

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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