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:
5
Step-by-step explanation:
Answer:
Ana still needs to read 1/5 of th journal
Notice the first two vertices are reverse from each other (a,0) to (0,a)
the fourth vertex would be the reverse of the third one.
The fourth vertex would be (2a, a)
Answer: 100
5
Step-by-step explanation:
a) The mean of a normal distribution is also the median. Half the population will have values above the mean. Half of 200 is 100, so ...
... 100 students will have grades above 70%.
b) 84% is 14% above the mean. Each 7% is 1 standard deviation, so 14% is 2 standard deviations above the mean. The empirical rule tells you 95% of the population is within 2 standard deviations of the mean, so about 5% of students (10 students) got grades higher than 84% or lower than 56%. The normal distribution is symmetrical, so we expect about 5 students in each range.
... about 5 students will have grades above 84%.
