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Author Question: Sabrine purchased 4,500 shares of a mutual fund at an offer price of 8.98 per share. Later, she sold ... (Read 77 times)

chandani

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on: Jun 24, 2018
Sabrine purchased 4,500 shares of a mutual fund at an offer price of 8.98 per share. Later, she sold the investment for 7.39 per share. During the time she owned the shares, the fund paid a dividend of 0.58 per share. What was her return on her investment? (Round to the nearest tenth)
 A) 9.5
  B) 11.2
  C) 1.2
  D) 6.6

Question 2

Decorative Floors received a 1,200 promissory note at 10.5 simple interest for 4 months from one of its customers. After 1 month, the note was discounted at the Riverview Bank at a discount rate of 14. What are the proceeds Decorative Floors will receive from the discounted note? Use ordinary interest.


ladyjames123

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

B

Answer to Question 2

1,198.53


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