Dane purchased 3,000 shares of a mutual fund at an offer price of ...

[dbose]

Dane purchased 3,000 shares of a mutual fund at an offer price of 6.03 per share. Later, he sold the investment for 3.64 per share. During the time Dane owned the shares, the fund paid a dividend of 0.52 per share. What was his return on investment? (Round to nearest tenth percent)
 A) 31.0
  B) 37.1
  C) +44.3
  D) +41.2

Question 2

On August 5, Lacey Jewelry Store purchased 5,000 of jewelry from their supplier with terms of 2/10, n/45. Lacey did not have sufficient cash on August 15 to take advantage of the cash discount, but is able to borrow money from the bank at 12.6 ordinary interest. How much can be saved by borrowing the funds for 30 days in order to take advantage of the cash discount?

[Moriaki]

Answer to Question 1

A

Answer to Question 2

48.55

[dbose]

YES! Correct, THANKS for helping me on my review

[steff9894]

Thanks for the timely response, appreciate it