9. If Rachel owns a share of stock that costs P1 450.00 an pays annual dividend of P150.00. What is the rate of income? 8.5% 10.3% 9.2% O 7.4% O O O

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.1: Functions Given By Formulas
Problem 2TU: What is your monthly payment if you borrow 5000 at a monthly rate of 0.61 and pay it off in 5 years?
icon
Related questions
Question
I need the answer as soon as possible
9. If Rachel owns a share of
stock that costs P1 450.00 and
pays annual dividend of
P150.00. What is the rate of
income?
8.5%
10.3%
9.2%
O 7.4%
Transcribed Image Text:9. If Rachel owns a share of stock that costs P1 450.00 and pays annual dividend of P150.00. What is the rate of income? 8.5% 10.3% 9.2% O 7.4%
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning