Correct Answer: Option C
It is known that the formula is: (Dividend / market value) * face value = interest. or,Dividend / market value = interest / face value. or,Face value * dividend = market value * interest. We put it up to this equation, become: 20 * 9% = x * 12%. 1.8 = x * 12%. 1.8/12% = x. 15 = x.
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