Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Due to increased mailing costs, the new rate will cost publishers $78,000,000; this is 13.4% more than they paid the previous year.
How much did it cost publishers last year?
Note: Round your answer to the nearest hundred. For example, round 43,445,744 to 43,445,700 or round 43,445,766 to
43,445,800.
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