A man buys Tk. 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 man buys Tk. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is : Correct Answer Tk. 21

Hints, Without 9% dividend the share price is = 20 - 20 × 9% = 20 - 1.8 = 18.2 with 12% interest the market value is = 18.2 + 18.2 + 12% = 18.2 + 2.184 = 20.384 = 21
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