Answer:
DISTANCE ANSWER=15X
Step-by-step explanation:
WHEN THERE'S A PROBLEM ASK ME
8.66, you divide 12.99 into 3 and then multiply the result which is 4.33 by 2
To find the dividend per share, we divide the total dividend amount by the total shares.
Dividend per share = 40,000 / 60,000
Dividend per share = $0.67
Your share = 100 x 0.67
Your share = $66.67
Using the recursion equation, it is found that the value of the 2nd iterate is:

<h3>What is the recursive equation?</h3>
The value of the nth iteration is given by:

The initial estimate is:

Hence, the 1st iterate is given by:

The 2nd iterate is:

Thus, the fourth option is correct.
You can learn more about recursive equations at brainly.com/question/6561461
0.9 and 0.07
hope it helps