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%.
Answer is B) 7.7%
Answer:
9(n + 22) ≤ -15
Step-by-step explanation:
9 times the sum of a number and 22 is at most −15
Let n = number
Times = multiplication
Sum = Addition
9 * n + 22
We must add parenthesis on the end on 22 and before n
We must do this because it says 9 times the sum of a number and 22 which means that 9 is being multiplied by both n and 22
We would have 9(n + 22)
9(n + 22) is at most -15
At most meaning that -15 is the highest number that 9(n + 22) can equal
Because it says at most 9(n + 22) can equal -15 or anything less than -15
So at most can be replaced with ≤
9(n + 22) ≤ -15
Answer:
x = -1/3
Step-by-step explanation:
Move 5 to the other side of the equation
3x = 4-5
3x = -1
x = -1/3
Answer:
12,664
Step-by-step explanation:
4500 - 2300 = 2200
They wish to get rid of 2200 employees
250(x) = 2200
Divide 2200 by 250
x = 8.8
It will take 8.8 years.
