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Mrs karuna invested some amount in buyin...

Mrs karuna invested some amount in buying Rs. 120 shres of a company which pays a dividend at the rate of 10% per annum. If she gets back 8% per annum on her investment, then the value at which she bought the shares is _________.

A

Rs. 100

B

Rs. 150

C

Rs. 180

D

Rs. 120

Text Solution

Verified by Experts

The correct Answer is:
B
Rate of dividend `xx FV=` Rate of return `xxMV`
`10xx120=8xx` Market value
`:.` Market value `= Rs. 150`
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