Q:
A man buys Rs. 25 shares in company which pays 9 % dividend. The money invested is such that it gives 10 % on investment. At what price did he buy the shares?
Answer & Explanation
Answer: A) 22.50
Explanation: Suppose he buys each share for Rs. x.
Then, or x = Rs. 22.50.
Cost of each share = Rs. 22.50.
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