Bonnie withdrew $1,200 from her savings account. She spent 1/5 of the money on travel arrangements. She spent 2/3 of the remaining amount at the hardware store. Finally, she treated her friend to lunch with some of the remaining money. After lunch, Bonnie had $300.50 left. How much money did Bonnie spend on lunch?

ghjmutmum

step-by-step explanation:

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step-by-step explanation:

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i know the way

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required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

if you're trying to figure out how much each ounce cost it would be 0.20

cents each ounce