Author Question: Tamara purchased 1,500 shares of a mutual fund at an offer price of 7.08 per share. Later she sold ... (Read 52 times)

meagbuch

  • Hero Member
  • *****
  • Posts: 568
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

  • Sr. Member
  • ****
  • Posts: 353
Answer to Question 1

A

Answer to Question 2

8,906.11



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

For a complete list of videos, visit our video library