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:
approx. 3 hours
Step-by-step explanation:
14 newspapers in 20 minutes means he can deliver 42 newspapers an hour.
60/42 = 1.4285 newspapers per minute
131 x 1.4285 = 187.1335 minutes = 3.1188 hours
<span>37.5% because its really easy to do x</span>
Answer:
The probability that he will lose the next tennis matches is <u>48% ( answer B)</u>
Step-by-step explanation:
The total probability should be = 100 %
therefore if the probability of winning is 52% the probability of losing
= 100 - 52 = 48%
