Answer: B. The stocks have a yield 6.84 percentage points greater than that of the bonds.
Step-by-step explanation:
Firstly, the yield for stocks will be calculated as:
= return/ investment cost
= $3.15/$ 21.38
= 0.14733395
= 14.73%
The yield for bonds will be calculated as:
= Return/Investment cost
Return = 1,000 x 8.3% = 83
Investment cost = 1,000 x 105.166/100 = 1051.66
Yield = 83/1051.66
= 0.07892284
= 7.89%
Then, the difference between the yield will be:
= 14.73% - 7.89%
= 6.84%
Therefore, the stocks have a yield 6.84 percentage points greater than that of the bonds.
Answer:
(A) Your friend will save $282.
(B) Your friend will get 23.5% off the original price of the mattress.
Step-by-step explanation:
We first need to find out the price of the mattress after the 15% discount. Our first step is to find what 15% of 1,200 is. We can do this by multiplying the two numbers.
1,200 x 15% -----> 1,200 x 0.15= 180.
15% of $1,200 is $180.
Next subtract $180 from $1,200, which equals $1,020. We can now apply the 10% off internet coupon.
1,020 x 10% ------> 1,020 x 0.10= 102.
10% of $1,020 is $102.
Next we subtract $102 from $1,020 and we get $918, the final price of the discounted mattress.
We subtract to see how much money the friend saved.
$1,200 - $918= $282.
We can get the percentage by dividing $282 by $1,200.
282 / 1200= 0.235 decimal form ----> 23.5%
9g-45h, you have to distribute 9
