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vesna_86 [32]
2 years ago
12

matt has 492,000 shares of a preferred stock that pays $1.87 a share return. what yearly income can matt expect from his stock

Mathematics
1 answer:
Sergeeva-Olga [200]2 years ago
5 0

The yearly income that matt can expect from his stock is $920,040.

<h3>Stock yearly income to expect:</h3>

Using this formula

Yearly income=Number of shares of preferred stock × Share return

Where:

Number of shares of preferred stock=492,000 shares

Share return=$1.87

Let plug in the formula

Yearly income=492,000×$1.87

Yearly income=$920,040

Inconclusion the yearly income that matt can expect from his stock is $920,040.

Learn more about yearly income here:brainly.com/question/8508440

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Suppose you pay back $575 on a $525 loan you had for 75 days. What was your simple annual interest rate? State your result to th
KengaRu [80]

The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.

<h3>What is the interest rate behind a pay back?</h3>

In this situation we assume that the loan does not accumulate interests continuously in time. Hence, the <em>interest</em> rate for paying the loan back 75 days later is:

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50 = 525 · r /100

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The loan has an <em>interest</em> rate of 9.524 % for 75 days. <em>Simple annual interest</em> rate is determine by rule of three:

r' = 9.524 × 365/75

r' = 46.350

The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.

To learn more on interests: brainly.com/question/26457073

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Solve for x in the equation x²-12x+59=0
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{x}^{2}  - 12x + 59 = 0 \\  {x}^{2}  - 12x + 36 + 23 = 0 \\  {x}^{2}  - 12x + 36 =  - 23 \\  {(x - 6)}^{2}  =  - 23 \\ x - 6 =  +  -  \sqrt{ - 23}  =  +  - i \sqrt{23}  \\ x = 6 +  - i \sqrt{23}

mean

x = 6 + i \sqrt{23}

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