Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1.) A stock purchased on January 1 cost $4.35 per share. The same stock, sold on December 31 of the same year, brought in $4.75
1.) A stock purchased on January 1 cost $4.35 per share. The same stock, sold on December 31 of the same year, brought in $4.75 per share. What was the approximate return on this stock?
a.)0.09%
b.)1.09%
c.)9%
d.)109%
2.) A stock sells for $6.99 on December 31, providing the seller with a 6% annual return. What was the price of the stock at the beginning of the year?
a.)$5.84
b.)$1.16
c.)$6.59
d.)$7.42
3.) What method would you use to gather a data set on voter preferences?
a.)Sampling b.) Distributing c.) Engineering d.) Hypothesizing | |
| |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started