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%
B. It would be 5/2 and -3/4.
V (velocity) = distance / time
So distance = velocity x time = 20 x 10 = 200 ft.
Answer:
7/11
Step-by-step explanation:
Let d represent the original denominator. Then the original numerator is ...
2d-15
The new numerator is ...
(2d-15) +5
and the new denominator is ...
d+7
The ratio of these is 2/3, so we have ...
The original fraction is 7/11.
