The answer is 4140
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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%
To solve this, you’ll first need to solve for their slopes.
The slope for line Q is y2-y1/x2-x1 = -8-(-2)/-8-(-10) = -3
We know that the lines are perpendicular so the negative reciprocal of -3 is 1/3
The equation you get it y = 1/3x + b.
Now you will need to solve for b by substituting in the first ordered pair of line R.
2 = 1/3(1) + b.
Once you solve for b, you should get 5/3 and y = 1/3x + 5/3
Now, to find a, you will need to substitute in 10 from the second ordered pair into x in your new equation.
y = 1/3(10) + 5/3.
Your solution should be 5.
So your answer is: a = 5
Answer:
The answer is B: (1,2)
Step-by-step explanation:
(solved using elimination method)
-2x+y=0
y=x+1
-x+y=1
-2x+y=0
x+y=-1
-x=-1
x=1
-1+y=1
y=2
(x,y)=(1,2)
