Jory bought 950 shares of common stock issued by MacGregor Corporation and paid $43.75 per share on September 30, 2017. On September 30, 2018, Jory sold the 950 shares for $52.25 per share. On December 15, 2016, December 15, 2017 and December 15, 2018, the MacGregor Corporation paid a dividend of $1.50 per share in each of those years. What was Jory's total return in percentage terms

Answerfunctional;

Answernsa;

Part (a) is relatively straight forward.there are 4 aces in a standard 52-card deck. so the probability that an ace is picked is just 4/52.part (b): note that there are 4 suits in a standard 52-card deck. so picking hearts will be 13/52 or 1/4.part (c): the probability condition or means we need to add the two probabilities because we do not want them simultaneously. so, we end up getting pr(ace) + pr(heart).from part (a), we found that picking an ace had a probability of 4/52, which is reduced down to 1/13.from part (b), we found that picking a heart had a probability of 1/4.so, the probability of an ace or a heart is 1/13 + 1/4 = 4/52 + 13/52 = 17/52.