A man buys tk 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 man buys tk 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 tk 12

B tk 18

C tk 15

D tk 21

Solution

Correct Answer: Option C

Dividened of tk 20 = tk (20x 9/100) =tk 9/5

an interest of 12%,

he gets tk 12 from 100 tk

he gets 9/5 tk from 100*9/(5*12) tk =15