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Financial Planning Exercise 1 Ranking investments by expected returns that makes for a good investment Use the approximate yield formula or a financial calculator to rank the following investments

Financial Planning Exercise 1 Ranking investments by expected returns that makes for a good investment? Use the approximate yield formula or a financial calculator to rank the following investments according to their expected returns. Round answers to two decimal places. Do not round intermediate calculations. Buy a stock for $45 a share, hold it for 3 years, then sell it for $80 a share (the stock pays annual dividends of $3 a share). Buy a security for $20, hold it for 3 years, then sell it for $60 (current income on this security is zero Do not round intermediate calculations Buy a 1-year, 12 percent note for $940 (assume that the note has a $1,000 par value and that it will be held to maturity). Do not round intermediate calculations.

 

Apr 07 2020 View more View Less

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