A certain company expects quarterly earnings of $0.80 per share of stock, half of which will be distributed as dividends to shareholders while the rest will be used for research and development.If earnings are greater than expected, shareholders will receive an additional $0.04 per share for each additional $0.10 of per share earnings.If quarterly earnings are $1.10 per share, what will be the dividend paid to a person who owns 200 shares of the company’s stock?
A.$92
B.$96
C.$104
D.$120
E.$240The annual interest rate earned by an investment increased by 10 percent from last year to this year. If the annual interest rate earned by the investment this year was 1 percent, what was the annual interest rate last year?
A. 1%B. 1.1%C. 9.1%D. 10%E. 10.8%
The annual interest rate earned by an investment increased by 10 percent from last year to this year. If the annual interest rate earned by the investment this year was 1 percent, what was the annual interest rate last year?
A. 1%B. 1.1%C. 9.1%D. 10%E. 10.8%
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