1. 6 years ago, you purchased shares of stock in a corporation. Between then and now, the stock had a 3:1 split, and the price per share increased by 29%. What would be the rate of return on your investment if you sold your shares today?
2. If the current yield of a bond goes down from 6.2% to 4.3%, by what percent does the market price increase?
3. Project L costs $35,000, its expected cash inflows are $11,000 per year for 10 years, and its WACC is 12%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.