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%
(105^3) * (105^3).....keep the base and add the exponents
Answer:
3 7/10 = 37/10
Step-by-step explanation:
Should be D. Let me know if you need more of an explanation.
Answer:
F (-8, -1)
Step-by-step explanation:
We can solve the system using substitution.
From the second equation
x-6y= -2
x= -2 + 6y
This value of x substitute into 1st equation
-4x+5y=27
-4(-2+6y)+5y=27
8-24y+5y =27
- 19y = 19
y= -1
x= -2 + 6y, y= - 1
x= -2 +6(-1)= -8
x= - 8
x= -8, y= -1
(-8, -1)
