BPSC 63rd Prelims Exam 01 Jul 2018 Solved Paper

Question : 148 of 150

Marks: +1, -0

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

Solution:

Let the market value of each share

=x

Therefore,

20 × 9=12 × x

⇒ x=\;{20 × 9}/{12}=15

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