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:
I legit answered this its 6/10
Edit: y = -6/10x + 100
Step-by-step explanation:
Change in y over change in x
60/100
6/10
Answer:
Answer choice B
Step-by-step explanation:
The measures of angles on touching the opposite sides of the circles are always half the lengths of their respective arc. 126/2=63, or answer choice B. Hope this helps!
362.50 for tennis and golf balls.
To find the answer divide the dollar amount by how many cans or boxes each cost then multiply that answer by the total amount purchased.
Golf balls
45/2=22.50 each box
22.5*5=112.50 total
Tennis balls
30/12=2.50 each can
2.50*100 = 250.00
add the dollar amounts together
112.50+250.00 =362.50
