A man buys rs 20 shares paying 9%dividend.he wants to have an interest of 12% on his money.market value of each share is?
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Given Cost of Share = 20
Dividend rate = 9%
then dividend Per share= 20 ×9% =1.8
He wants to have an interest of 12% . that means
money Per share × 12/100 = 1.8
Then market value of each share will be 100/12 × 1.8 = 15
Dividend rate = 9%
then dividend Per share= 20 ×9% =1.8
He wants to have an interest of 12% . that means
money Per share × 12/100 = 1.8
Then market value of each share will be 100/12 × 1.8 = 15
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