1. Christy purchased 100 shares of Good Idea stock for $48 last year. Yesterday she sold the stock for $45. If she received $4 in dividends during the time she held the security, what is her holding period return (round % to 2 decimals)?
A. -6.30%
B. 14.60%
C. 8.30%
D. 2.08%
2. What is the future value of a $660 annuity payment over five years if interest rates are 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
3. What is the future value of a $820 annuity payment over five years if interest rates are 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
4. What's the present value, when interest rates are 7.5 percent, of a $125 payment made every year forever? (Round your answer to 2 decimal places.)