64. 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:_________?

A. 12
B. 15
C. 18
D. 20
✅ The correct answer is option B. 15.
Dividend on Rs. 20 = Rs. (90/100)x 20 = Rs.9/5.

Rs. 12 is an income on Rs. 100.

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