Tamara purchased 1,500 shares of a mutual fund at an offer price of 7.08 per share. Later she sold ...

Tamara purchased 1,500 shares of a mutual fund at an offer price of 7.08 per share. Later she sold the investment for 10.02 per share. During the time Tamara owned the shares, the fund paid a dividend of 0.21 per share. What was her return on investment? (Round to nearest tenth percent)
 A) 44.5
  B) 5.1
  C) 4.5
  D) 9.8

Q. 2

Artigas Engineering received a promissory note of 8,500 at 8 simple interest for 14 months from one of its customers. After 9 months, Yankee Bank discounted the note at a discount rate of 10. Calculate the proceeds that Artigas Engineering will receive from the discounted note.

Q. 3

Dane purchased 3,000 shares of a mutual fund at an offer price of 6.03 per share. Later, he sold the investment for 3.64 per share. During the time Dane owned the shares, the fund paid a dividend of 0.52 per share. What was his return on investment? (Round to nearest tenth percent)
 A) 31.0
  B) 37.1
  C) +44.3
  D) +41.2

Q. 4

On August 5, Lacey Jewelry Store purchased 5,000 of jewelry from their supplier with terms of 2/10, n/45. Lacey did not have sufficient cash on August 15 to take advantage of the cash discount, but is able to borrow money from the bank at 12.6 ordinary interest. How much can be saved by borrowing the funds for 30 days in order to take advantage of the cash discount?