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AveGali [126]
3 years ago
9

Stock in Chambers Translation cost $18.89 per share when Anthony bought it. He earns $410.40 per year from his 360 shares in Cha

mbers Translation. What is the percent yield on Anthony’s stock? a. 6.03% b. 2.17% c. 0.0603% d. 0.0217%
Mathematics
2 answers:
kap26 [50]3 years ago
8 0
The answer is A.6.03
Otrada [13]3 years ago
8 0

Answer:

The correct option is A.

Step-by-step explanation:

Number of shares is 360. Total earnings from 360 shares is $410.40. Chambers Translation cost $18.89 per share when Anthony bought it.

Total cost of 360 shares is,

360\times 18.89=6800.4

Yield on authority stock is

Y=\frac{\text{Total Earning}}{\text{Total Cost}}\times 100

Y=\frac{\text{410.40}}{\text{6800.4}}\times 100=6.0349\approx 6.03

Therefore option A is correct.

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