The answer is 31/35
Hope it helps!
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:
Step-by-step explanation:
<u>Scale factor is the ratio of the corresponding sides:</u>
<u>Find m using the scale factor:</u>
Answer: (1) mean = 9.46; standard deviation = 3.74
Step-by-step explanation:
1. y=7/8x +1
2. y=-10x
3. y=2.5x-7
4. y=1.2x
5. y=-5x-8
