Jim and Gail invested a total of $3,600 in a stock in a ratio of 5:7. The stock made $6,450 on top of the initial capital. If the payoff is done in the same ratio, how much does Jim get?


1 Answers

Call me Z Profile
Call me Z answered

Jim's dividend is $2,687.50. At that level of return, reinvesting it  might be the wisest thing to be done with that two grand. 

Answer Question