The probability of choosing Joey first is 1/12 .
If that happens, the probability of choosing Chloe next is 1/11 .
Then, the probability of choosing Zoe after that is 1/10 .
The probability of all these things happening is
(1/12) x (1/11) x (1/10)
= 1/1320 = 0.00076 = 0.076 percent
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:
Look at the photo below for the answer.
:)
14 hundreds, 10 tens, and 2 ones.
