One cell phone plan is costs 29.94 per month plus 0.10 for each text message sent, Another plan costs 65.98 per two months plus 0.05 for each text message sent. for what number of text messages will the monthly bill for both plans be the same?

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step-by-step explanation:

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hello :

by applying the distributive property :

6 × 4.3 = 6 × ( 4 + 0.3 )

            =   (6 ×   4) + (6 ×   0.3)

            = 24 + 1.8

6 × 4.3 = 25.8

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%