A man buys Tk. 50 shares in a company which pays 10% dividend. If the man gets 5% on his investment, at what price did he buy the shares?

A man buys Tk. 50 shares in a company which pays 10% dividend. If the man gets 5% on his investment, at what price did he buy the shares?

A Tk. 37.50

B Tk. 40

C Tk. 48

D Tk. 52

Solution

Correct Answer: Option B