1. Overnight Trucking recently purchased a new truck costing $219,800. The firm financed this purchase at 6.6 percent interest with monthly payments of $2,435. How many years will it take the firm to pay off this debt?
2. Stock Y has a beta of 1.40, an expected return of 16%, and a Reward- to- Risk Ration of 8%. If all stocks are fairly priced, what is the expected return on a stock with a beta of 0.9?
3. Apr. 1 Issued 22,500 shares of common stock for land. The asking price of the land was $85,500. The fair value of the land was $80,000.