1. The income yield and capital gain yield of a stock are 3.3 percent and 7.37 percent, respectively. The stock paid a quarterly dividend of $0.91 per share during the year. What did the stock sell for last year?
2. Melanie bought a share of MPT Company for $53.35 one year ago. The stock paid a quarterly dividend of $0.52 throughout the year. What is the income yield if the stock is selling for $56.44 today?
3. A stock selling for $13.35 today and expected to pay a $1.48 dividend and have a capital gain of 6% in one year will increase in price to sell at what price?