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:
the answer is A: 2(5 1/6) because the decimal does not match with others.
Step-by-step explanation:
(2)(5.75)
=11.5
(2)(2.5)+(2)(1.25)+(2)(2)
=11.5
2(2 1/2 + 1 1/4 + 2)
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Yes...the person's hypothesis could be correct.
A : 1/6 is the answer hope it helps
