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:
a x a x a x a x a x a x a
Step-by-step explanation:
a^3 is three a's being multiplied by each other. a^4 is four a's being multiplied by each other
Answer:
just list the number of albums times the amount they cost plus songs and how much they cost and you got your equation
Step-by-step explanation:
Make a proportion
81/30 = x/600
600/30 = 20
x/81 = 20
x = 1620
Solution: 1620 calories
