A man buys Rs 20 shares paying 9 dividend The man expects to have an interest of 12 on his money The...........

Quantitative Aptitiude (CLAT) Profit and loss

A man buys Rs. 20 shares paying 9% dividend. The man expects to have an interest of 12% on his money. The market value of each share is

Rs. 18

Rs. 15

Rs. 12

Rs. 21

Dividend on Rs. 20 = Rs. (9/100)x 20 = Rs.9/5.
Rs. 12 is an income on Rs. 100.
Rs.9/5 is an income on Rs.[ (100/12) x (9/5)] = Rs. 15.

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