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 76 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?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Fraternal twins share about 50 percent of their segregating genes. Fraternal twins share about 50 percent of their segregating genes.
Animal that offer potential medical uses Animal that offer potential medical uses
The striking improvements in motor development in the early months The striking improvements in motor development in the early months
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
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Causes of Angina

For a complete list of videos, visit our video library