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 96 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?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Mutual symbiosis between clownfish of the genus Amphiprion that dwell among the tentacles of tropica Mutual symbiosis between clownfish of the genus Amphiprion that dwell among the tentacles of tropica
Diverse living organisms share common chemical features Diverse living organisms share common chemical features
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
Phoneme Perception in the First 12 Months Phoneme Perception in the First 12 Months
Fetal development from 1 month to 9 months Fetal development from 1 month to 9 months
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Leukemia

For a complete list of videos, visit our video library