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Teja brought Rs. 80 shares of a company ...

Teja brought Rs. 80 shares of a company which pays 15% dividend. If the rate of return is 12%, then the market price is _______.

A

Rs. 90

B

Rs. 80

C

Rs. 100

D

Rs. 99

Text Solution

Verified by Experts

The correct Answer is:
C
`MVxx` Rate of return = Rate of dividend `xxFV`.
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