Question

Frances bought 144 shares of dwyn horticulture for $7.73 apiece. her broker charged her a commission of $46.15 for the purchase. if the yearly dividend on dwyn horticulture is 61 cents per share, what is the annual yield on frances’s stock? a. 0.0758 b. 0.0789 c. 0.0132 d. 0.0320

Answer 1

The answer is def A not c

Answer 2

The annual yield on Frances’s stock approximately will be 0.0758. Then the correct option is A.

What is Algebra?

Algebra is the study of mathematical symbols and the rule involves manipulating these mathematical symbols.

Frances bought 144 shares of Dwyn horticulture for $7.73 apiece. her broker charged her a commission of $46.15 for the purchase.

Then the total amount spent by the company will be

→ 144 × $7.73 + $46.15 = $ 1159.27

If the yearly dividend on Dwyn horticulture is 61 cents per share, then the annual yield on Frances’s stock will be

$\Rightarrow \dfrac{0.61 \times 144}{11592.27} \\\\\Rightarrow 0.07577$

More about the Algebra link is given below.

brainly.com/question/953809