Suppose the risk free interest rate is 3% and the return on the market portfolio of stocks is 8%. The alpha company has beta of
1 answer:
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Answer:
$14.96
Explanation:
Shipping and handling charges are attached.
Given: Discounted price= $65.55.
Regular sales price= $77.77
Sales tax= 6%.
Now, find the cost of coat after tax.
Cost of coat=
⇒ Cost of coat=
Adding shipping charges to the cost=
Hence, cost of coat after tax and shipping charges= $91.39.
Next finding total cost of coat if sold at discount after tax.
Cost of coat at discounted price after tax=
⇒ Cost of coat at discounted price after tax=
⇒ Cost of coat at discounted price after tax=
Adding shipping charges to the cost of coat=
Hence, cost of coat at discounted price after tax and shipping charges= $76.43.
Finding saving amount by ordering coat at the sale price or discounted price.
∴ Saving =
Saving=
Hene, Total saving by ordering coat at the sale price is $14.96
