A man buys Rs. 20 shares paying 9% dividend. The man want

A man buys Rs. 20 shares paying 9% dividend. The man want to have an interest of 12% on his money. The market value of each share must be ?

Dividend on Rs. 20 = Rs. 9 / (100 x 20) = Rs. 9/5
Rs. 12 is an income on Rs. 100
∴ Rs. 9/5 is an income on Rs. (100/12) x (9/5) = Rs. 15