1. Jenny Reed bought SSX stock for $16 per share. The annual dividend was $1.50 per share,...
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1. Jenny Reed bought SSX stock for $16 per share. The annual dividend was $1.50 per share, and after 1 year SSX was selling for $35 per share. Find the simple interest rate of growth of her money?
2. (a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9750. What annual simple interest rate does this earn?
(b) If the bank charges a fee of $40 to buy a T-bill, what is the actual interest rate you earn?
DividendA dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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