Stocks & Shares Mcqs

Q.  A man buys Rs. 25 shares in a company which pays 9% dividend . The money invested is such that it gives 10% on investment. At what price did he buy the shares?

a. Rs.22
b. Rs.22.50
c. Rs.25
d. Rs.22.50


ANSWER: See Answer
 
Suppose he buys each share be Rs. X.
Then, (25 x 9/100)=(X x 10/100) X= 22.50

Cost of each share is Rs. 22.50.
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