1. From a class of 25 students, we want to select a random sample of 5 students to report on their experiences with MindTap. How many different random samples of 5 students could be selected from this population of 25?
2. Joe Inc.’s preferred stock is expected to pay a $2.52 dividend annually and is expected to do this forever. Joe Inc. is in a high risk business that requires an 8.2% return. What is the estimated value of Joe Inc.’s preferred stock?
3. How much do you need to invest at the end of each year to have $985,000 at the end of 18 years if you can earn 8.6% annually?