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:
X = 2
Step-by-step explanation:
11 x 2 = 22
22 + 6 = 28
Answer: 24 $100 bills, even though this will add up to more than 2324 dollars, it is the amount needed to cover the price
Step-by-step explanation: divide 2324 dollars by 100
1 ounce weighs more than a gram
