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
Answers
Answered by
4
NV=20
D%=9
I%=12
I% on MV = D% on NV
12/100×mv = 9/100× 20
MV=( 9×20)/12
MV=15 Rs.
D%=9
I%=12
I% on MV = D% on NV
12/100×mv = 9/100× 20
MV=( 9×20)/12
MV=15 Rs.
Similar questions