Rs. 20 shares pay 9% dividend. If an investor wants a 12% return, what should be the market value per share?

Concept / Approach

• Dividend per share = 9% of Rs. 20 = Rs. 1.80.
• Desired yield 12% ⇒ 1.80 should be 12% of the market price P.

Step-by-step calculation
1.80 / P × 100 = 12 ⇒ P = (1.80 × 100) / 12 = 15

Final Answer
Rs. 15