Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help with this investing question. 9. The editor of that popular magazine was so impressed with El Geeke's story and his track record that

Need help with this investing question.

image text in transcribedimage text in transcribed

9. The editor of that popular magazine was so impressed with El Geeke'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. mortgage company interest rate they will be paying you is 11%. You have made the morning after your dividends arrive, they will be wired to As of the beginning of year 3, what is your ROI on your total one decimal place. Quarter Quarterly Sales $125,000 $135,000 $150,000 $170,000 $185,000 $175,000 $195,000 $230,000 7 Sha Shares 9. The editor of that popular magazine was so impressed with El Geeke'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. mortgage company interest rate they will be paying you is 11%. You have made the morning after your dividends arrive, they will be wired to As of the beginning of year 3, what is your ROI on your total one decimal place. Quarter Quarterly Sales $125,000 $135,000 $150,000 $170,000 $185,000 $175,000 $195,000 $230,000 7 Sha Shares

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

Audit Risk In The Operation Of EDF Financed Projects

Authors: Koffi Rufin Kouame

1st Edition

6205912651, 978-6205912652

More Books

Students also viewed these Accounting questions

Question

4. Support and enliven your speech with effective research

Answered: 1 week ago

Question

3. Choose an appropriate topic and develop it

Answered: 1 week ago