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:
Three hundred
Step-by-step explanation:
Because the whole number is sixteen thousand THREE HUNDRED forty four
Answer:
28
Step-by-step explanation:
probability of getting blue ball is 4/9
total cases = 72
i.e number of blue ball 32
number of red vall is 40
so extra 28 is added
Step-by-step explanation:
Volume is cubed. so it would be 6^3
so 6*6*6 = 216
Answer:
9000 ft
Step-by-step explanation:
Given: A airplane is ascending at a constant rate of 15 feet per second,
What we need to know: The change in altitude during 10 minutes of flight,
60 seconds = 1 minute
60 × 10
= 600 seconds
600 × 15
= 9000 ft
Therefore there was a 9000 ft change in altitude during the 10 minutes of the flight.