An investor bought 600 shares of stock, some at $4.50 per share and some at $1.00 per share. If the total cost was $1650.00 ,
1 answer:
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The annual yield on Frances’s stock approximately will be 0.0758. Then the correct option is A.
<h3>What is Algebra?</h3>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
More about the Algebra link is given below.