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anonymous
 one year ago
The stock that Mr. Ames bought cost him $80 a share. The par value of the stock is $100. If the stock pays $6 a year in dividends, what rate of interest is Mr. Ames getting on his money?
A) 16 2/3 %
B) 7 1/2 %
C) 3%
D) 6%
E) None of these answers
anonymous
 one year ago
The stock that Mr. Ames bought cost him $80 a share. The par value of the stock is $100. If the stock pays $6 a year in dividends, what rate of interest is Mr. Ames getting on his money? A) 16 2/3 % B) 7 1/2 % C) 3% D) 6% E) None of these answers

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Try setting up the problem like this: 100 (6/80) =

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0That's what I got as well.
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