FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A relative purchased 395 shares in a major Cola company in 1989 for $2.95/share. Today she wants to sell them for $49.20/share and invest the

image text in transcribed
image text in transcribed
A relative purchased 395 shares in a major Cola company in 1989 for $2.95/share. Today she wants to sell them for $49.20/share and invest the entire amount in a Guaranteed Investment Certificate (GIC). What is the return on investment, ROI, on the Cola shares? ROI is 15.7% ROI is 157% ROI is 1568% ROI is 568%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Differential Equations On Fractals A Tutorial

Differential Equations On Fractals A Tutorial

Authors: Robert S Strichartz

1st Edition

0691186839, 9780691186832

More Books

Students also viewed these Mathematics questions

Question

★★★★★
Fully developed flow of a Bingham plastic fluid moving through a 12-in diameter pipe has the given velocity profile. The flow of a Bingham fluid does not shear the center core, producing plug flow in...

Answered: 1 week ago

Question

★★★★★
Lou dies on April 12, 2007. All of Lous property passed to Paula, his daughter. Paula dies January 15, 2009. Both Lous and Paulas estates pay federal estate taxes. Lous estate tax was $350,000. How...

Answered: 1 week ago

Question

★★★★★
Where does the person work?

Answered: 1 week ago

Question

★★★★★
Using the selected year-end account balances at December 31, 2014, for Proof General Store that follow, prepare a 2014 multistep income statement. Show detail of net sales. The company uses the...

Answered: 1 week ago

Question

★★★★★
United Parcel Services (UPS) has a well-defined division of labour, lines of authority and responsibility, written policies, and records. The company operates based on strict rules and regulations,...

Answered: 1 week ago

Question

★★★★★
On January 1, 2022, Katniss Company borrowed P5,000,000 on a 10% three-year interest-bearing note. The net proceeds from the borrowing amounted to P5,000,000. Interest is payable annually every...

Answered: 1 week ago

Question

★★★★★
150ml 1. Consider the matrix -11 -1 0 0 0 0 1 0 where a R is a parameter. (1) Find for which values of a matrix A. is diagonalisable; (25 MARKS) (2) For all the values of a for which A. is not...

Answered: 1 week ago

Question

★★★★★
Imagine the following scenario: A single (unmarried) woman is a teacher at a private, Christian school. As part of her employment contract, she must sign a morality agreement, which in part, promises...

Answered: 1 week ago

Question

★★★★★
a) Explain which operations question or process you chose to focus on. Provide background information, context, input, and output. b) From the perspectives of the owners of the process and its...

Answered: 1 week ago

Question

★★★★★
ToFrom Trucking serves two segments of customers. One segment (A) is willing to pay $3.50 per cubic foot but wants to commit to a shipment with only 24 hours' notice. The other segment (B) is willing...

Answered: 1 week ago

Question

★★★★★
(a) Let Z be a standard normal. Find Pr(-1.96 3). (c) Let X be a t-distribution with df=10. Estimate Pr(-2.2 X*)=.05? (e) Let X be a F10,00 distribution. What value X* solves Pr(X>X*)=.05?

Answered: 1 week ago

Question

★★★★★
Time: 75 minutes Problem 1 (2 points) Calculate I = fc(1+ y)dl, where C is the under half of the circle 2+ y = 4.

Answered: 1 week ago

Question

★★★★★
Js This project can be done as an individual, or in a group. Expect to produce 10-12 slides. Every student must turn in a copy of their project claiming some other student submitted it on your behalf...

Answered: 1 week ago

Question

★★★★★
"ff'just compensation' is paid, then by definition those who lose their property cannot claim that they have been treated unjustly." Assess tills argument. Can compensation be just even if ooe of the...

Answered: 1 week ago

Question

★★★★★
Do you believe that eminent domain is a morally legiti mate right of government? Explain why or why not.

Answered: 1 week ago

Question

★★★★★
Is it lair to tile community if an individual refuses payment and blocks a socially useful project? Putting legal issues aside, are there situations in whieh it would be morally permissible for...

Answered: 1 week ago

Previous Question Next Question