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Author Question: You purchased 3,000 shares of a mutual fund at an offer price of 7.10 per share. Several months ... (Read 48 times)

jho37

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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)


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CharlieArnold

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

C

Answer to Question 2

17.7


jho37

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Reply #2 on: Jun 24, 2018
Thank you :)


CharlieArnold

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Reply #3 on: Jun 24, 2018
Happy to help you


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