Michael's initial investment is $45.80, the cost of the share. Michael Receives $1.71 in dividends. He receives $47.50 for the stock when he sells it. His profit on the sale of the stock is $47.50 - 45.80 = $1.70. His total return on the stock is his total earnings, the dividends plus his profits on the sale of the stock, divided on what he paid initially, $45.80: (1.71 + 1.70) ÷ 45.80 = .0744 = 7.45% 7.45% return on investment in less than a year, not bad! Closest answer is 7.7%, not sure why it isn't exactly 7.45 or 7.5%.
if the block is cut after it’s been painted, two sides with the same measurements don’t have glitter on them. you find the area of the one rectangle and multiply it by 2 as follows: A = length • width A = 10 • 8 = 80 area that needs to be covered = 80 • 2 = 160 square inches
