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Author Question: Tamara purchased 1,500 shares of a mutual fund at an offer price of 7.08 per share. Later she sold ... (Read 47 times)

meagbuch

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on: Jun 24, 2018
Tamara purchased 1,500 shares of a mutual fund at an offer price of 7.08 per share. Later she sold the investment for 10.02 per share. During the time Tamara owned the shares, the fund paid a dividend of 0.21 per share. What was her return on investment? (Round to nearest tenth percent)
 A) 44.5
  B) 5.1
  C) 4.5
  D) 9.8

Question 2

Artigas Engineering received a promissory note of 8,500 at 8 simple interest for 14 months from one of its customers. After 9 months, Yankee Bank discounted the note at a discount rate of 10. Calculate the proceeds that Artigas Engineering will receive from the discounted note.


kalskdjl1212

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

8,906.11


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