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:
$270
Step-by-step explanation:
Multiply 1000 by .03 or 3%. Then mulrioly that number by 9 because it is that amoint of interest for nine months.
Answer:
He ran 3.25 on Tuesday
Step-by-step explanation:
The answer is 3.25 because 5.55 minus 2.3 is 3.25.
B, T=2L+7, Toby is 2*the age of liv plus 7 years
