Question
1. Suppose you own stock in National Advertising which had earnings of $2.50 per share last year. If yesterday's closing price was $41.50, what is
1. Suppose you own stock in National Advertising which had earnings of $2.50 per share last year. If yesterday's closing price was $41.50, what is the price-earnings ratio of the stock? (Round to the nearest whole number)
2. Lakeesha bought 300 shares of stock at $48.25 per share. Her broker charges 3% commissions for round lots and 4% for odd lots. Calculate the total cost of the stock purchase.
3. Jenny buys a dining table costing $695.95. The store charges $45 for delivery. State taxes are 6.5% and local sales taxes are 1.5%. What is the total purchase price?
4. Alex buys a Blu-ray disc costing $14.29. Use the table below to find the sales tax on this item.
Amount of Sale | Tax |
13.70 13.89 | .69 |
13.90 14.09 | .70 |
14.10 14.29 | .71 |
14.30 14.49 | .72 |
14.50 14.69 | .73 |
14.70 14.89 | .74 |
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