1. Working off an 24% margin, with markups based on cost, the Food Co-op Club boasts that it has 4,900 members and a 195% increase in sales. The markup is 39% based on cost. What would be its percent markup if selling price were the base?
2. London purchased a piece of real estate last year for $85,200. The real estate is now worth $102,000. If London needs to have a total return of 0.22 during the year, then what is the dollar amount of income that she needed to have to reach her objective?
3. A company just paid a dividend of $1.25, and those dividends are expected to grow at a constant rate of 5% forever. The stock price of this company is $60, what is the stock’s expected dividend yield?