1. One year ago, Sam purchased 1000 shares of New Tech stock at a price of $24 per share. The stock pays an annual dividend of $0.7 per share. Today, you sold all of your shares for $31 per share. What is your total dollar return on this investment?
2. Waffle House Inc. has a beta of 1.2, the expected return on the market is 13, and the risk-free rate is 2.8. What is the expected return on this stock?
3. If a product was purchased by a distributor for $100 and the distributor wants to earn 25% gross margin, what would be the selling price?