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

Author Question: Carlos Spencio purchased 3,000 shares of Carlise Mutual Fund for an offer price of 22.86 per share. ... (Read 68 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jun 24, 2018
Carlos Spencio purchased 3,000 shares of Carlise Mutual Fund for an offer price of 22.86 per share. He later sold the shares at a net value of 22.98 per share. During the time Carlos owned the shares, Carlise paid dividends of .38 and .42 per share. What was Carlos' gain on this investment?

Question 2

Narrative 11-1 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Refer to Narrative 11-1. Calculate the compound interest on an investment of 18,000 at 8, interest compounded quarterly, for 15 months.
 A) 1,873.44
  B) 18,788.21
  C) 883.54
  D) 8,725.35


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 24, 2018
Answer to Question 1

2,760

Answer to Question 2

A


strangeaffliction

  • Member
  • Posts: 660
Reply 2 on: Jun 24, 2018
Wow, this really help

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Australopithecus sediba shares small brain size with other members of Australopithecus but also has Australopithecus sediba shares small brain size with other members of Australopithecus but also has
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Carlos Cruz-Diez, Chromosaturation. Carlos Cruz-Diez, Chromosaturation.
Animal that offer potential medical uses Animal that offer potential medical uses
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Mutual Protection Mutual Protection
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library