This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You purchased 3,000 shares of a mutual fund at an offer price of 7.10 per share. Several months ... (Read 83 times)

jho37

  • Hero Member
  • *****
  • Posts: 531
on: Jun 24, 2018
You purchased 3,000 shares of a mutual fund at an offer price of 7.10 per share. Several months later you sold the shares for 8.45 per share. During the time you owned the shares, the fund paid a dividend of 0.29 per share. What was your return on investment? (Round to the nearest tenth)
 A) 16.0
  B) 19.0
  C) 23.1
  D) 16.0

Question 2

Brian signed a simple discount note for 8,500. The discount rate is 14, and the term of the note is 18 months. What is the effective interest rate? (Round to the nearest tenth percent)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CharlieArnold

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

17.7


jho37

  • Hero Member
  • *****
  • Posts: 531
Reply #2 on: Jun 24, 2018
Thank you :)


CharlieArnold

  • Sr. Member
  • ****
  • Posts: 319
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism
Parents who grew up in dual-earner families are more apt to share household tasks equally than those ... Parents who grew up in dual-earner families are more apt to share household tasks equally than those ...
Bereaved spouses studied before loss, at the time of loss, and 18 months after loss show five ... Bereaved spouses studied before loss, at the time of loss, and 18 months after loss show five ...
An antique painting is purchased in 1980 for $995. The value increases by 3.1% e An antique painting is purchased in 1980 for $995. The value increases by 3.1% e
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Hydrogen bonds - role in the body

For a complete list of videos, visit our video library