1) A stock quote indicates a stock price of $85 and a dividend yield of 4%. The latest quarterly dividend received by stock investors must have been ______ per share.

2) A bond issued by the state of Alabama is priced to yield 6.50%. If you are in the 28% tax bracket, this bond would provide you with an equivalent taxable yield of _________.

3) A benchmark index has three stocks priced at $36, $59, and $69. The number of outstanding shares for each is 415,000 shares, 535,000 shares, and 683,000 shares, respectively. If the market value weighted index was 980 yesterday and the prices changed to $36, $56, and $72, what is the new index value?

4) Three stocks have share prices of $21, $75, and $45 with total market values of $460 million, $410 million, and $210 million, respectively. If you were to construct a price-weighted index of the three stocks, what would be the index value?

5) A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $22, $32, and $70. The number of outstanding shares for each is 780,000 shares, 680,000 shares, and 380,000 shares, respectively. If the stock prices changed to $26, $30, and $72 today respectively, what is the 1-day rate of return on the index?