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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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crazyson_23 crazyson_23
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6 years ago
A mutual fund has an offer price of 9.42 per share and a net asset value of 9.04. What is the sales charge percent? (Round to nearest tenth)
 A) 4.2
  B) 5.1
  C) 3.9
  D) 8.4

Q. 2

Neil Roddrick purchased 5,000 in U.S. Treasury bills with a discount rate of 6 for a period of 13 weeks. How much interest did Neil earn on the T-bill investment? How much was the purchase price of Neil's T-bills? What was the effective interest rate of Neil's T-bill investment? (Round to the nearest hundredth of a percent)

Q. 3

The board of directors of Clarian Motels has declared a dividend of 3,000,000. The company has 150,000 shares of preferred stock that pay 1.20 per share and 1,800,000 shares of common stock. After finding the amount of dividends due the preferred shareholders, calculate the dividend per share of common stock. (Round your answer to the nearest cent if necessary)
 A) 0.44
  B) 2.99
  C) 1.57
  D) 0.75

Q. 4

Shameka was charged 8.45 interest and paid 983.50 interest on a simple interest loan for 95 days from her local bank. How much did she borrow? Use ordinary interest. (Round to the nearest cent)
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MeowMeowMeowMeow
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6 years ago
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crazyson_23 Author
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#2
6 years ago
I know this sounds cliche, but I was thinking the same thing for each of these. Thanks for confirming Slight Smile
wrote...
#3
6 years ago
I'm sure Wink Face Thanks for your honesty
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