kalil’s monthly salary is 3,250 plus he earns 1.4% commission on his sales for the month. Kalil’s sales for July were $51000. Wh
1 answer:
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Answer:
10.51%
Step-by-step explanation:
Data provided in the question:
Period Initial value = $33.48
Period end value = $35.20
Annual dividend paid = $0.60
Total time = 3 years
Therefore,
the total dividend paid i.e the income = 3 × $0.60 = $1.80
Now,
The holding period is given as:
=
=
= 10.51%