1.  A man buys ₹ 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:
A. ₹ 12
B. ₹ 15
C. ₹ 18
D. ₹ 21

Answer: Option B

Explanation:

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

₹ 12 is an income on ₹ 100.

₹  9 is an income on ₹ 100 x 9 = ₹15.
5 12 5