extra information if needed:
9. The editor of that popular magazine was so impressed with El Geeko's story and his track record that he bought 10% of the shares in the company. He had a chat with you and decided to copy your investment strategy. You told him that you invested with a high risk second mortgage company. He went with even a higher risk second mortgage company. They will pay him a rate of 13% on the money he has invested with them. His bank will wire the money to the second mortgage company the morning after they receive the money As of the beginning of year 3, what is the ROI on the editor's total investment? Round your answer off to one decimal place, Your friend, El Geeko, has developed an app that smartphone users all over the world are using. The app is sold online. In order to increase sales, it is necessary to advertise heavily. He asked you to become part of his venture. In order to raise money for advertising you started a publicly traded company. That means that people will own shares in the company. The ten million shares are traded on the stock exchange. Even before you and El Geeko started the publicly traded company, sales were going very well. So, you decided that the new company would pay out 1% of sales out as a quarterly dividend. That means that the people who owned shares on the last day of each third month wou total sales that quarter. The money would be deposited in their bank account. The company had 10 million shares outstanding. You owned 8% of them. This table shows what the company sales were for the first eight quarters that the company was listed on the stock exchange. Quarter Quarterly Sales 1 250 000 Quarter Quarterly Sales 2 $325,000 3 $355,000 1 $250.000 $370,000 $325,000 5 $395,000 $355,000 $370.000 $420,000 $395,000 $440,000 $420,000 $460,000 7 $440,000 8 $460,000 3 9. The editor of that popular magazine was so impressed with El Geeko's story and his track record that he bought 10% of the shares in the company. He had a chat with you and decided to copy your investment strategy. You told him that you invested with a high risk second mortgage company. He went with even a higher risk second mortgage company. They will pay him a rate of 13% on the money he has invested with them. His bank will wire the money to the second mortgage company the morning after they receive the money As of the beginning of year 3, what is the ROI on the editor's total investment? Round your answer off to one decimal place, Your friend, El Geeko, has developed an app that smartphone users all over the world are using. The app is sold online. In order to increase sales, it is necessary to advertise heavily. He asked you to become part of his venture. In order to raise money for advertising you started a publicly traded company. That means that people will own shares in the company. The ten million shares are traded on the stock exchange. Even before you and El Geeko started the publicly traded company, sales were going very well. So, you decided that the new company would pay out 1% of sales out as a quarterly dividend. That means that the people who owned shares on the last day of each third month wou total sales that quarter. The money would be deposited in their bank account. The company had 10 million shares outstanding. You owned 8% of them. This table shows what the company sales were for the first eight quarters that the company was listed on the stock exchange. Quarter Quarterly Sales 1 250 000 Quarter Quarterly Sales 2 $325,000 3 $355,000 1 $250.000 $370,000 $325,000 5 $395,000 $355,000 $370.000 $420,000 $395,000 $440,000 $420,000 $460,000 7 $440,000 8 $460,000 3
