Find the 1st term of a sequence if the common difference = -2 and the 13th term =59
1 answer:
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Answer:
Return of investment = 44.5%
Step-by-step explanation:
Number of shares purchased by Tamara = 1500
Offer price per share = 7. 08
Total amount spent on purchasing shares = 1500 × 7.08 = 10620
Dividend receive per share = 0.21
Total dividend received on 1500 shares = no. of shares × dividend received per share
Total dividend received = 1500 × 0.21 = 315
Selling price per share = 10.02
Amount received by Tamara by selling the investment = no. of shares × selling price per share
Amount received by Tamara by selling the investment
= 1500 × 10.02
= 15030
Now, Net profit received on investment = S.P of Investment + Dividend received - C.P of investment
Net profit = 15030 + 315 - 10620 = 15345 - 10620 = 4725
Return on investment =
=
≈ 44.5 %