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1 . Suppose you buy one share of stock for $ 2 5 . 3 8 , and after one year the same stock is

1. Suppose you buy one share of stock for $25.38, and after one year the same stock is selling for $23.33 per share. Assuming there were no other cash flows (no dividends), what was your return on that investment? (Enter a decimal, not a percentage; 0.0600, not 6.00%)
2. Suppose you are offered a contract with two payments of $364 and $402, which you will receive in 2 years and 3 years, respectively. If the discount rate is 8.35%, what is the contract worth to you today?
3. Suppose you deposit $3570 into an account that earns 7.79% per year. How many years will it take for your account to have $5185 if you leave the account alone? Round to the nearest tenth of a year.
4. Suppose you buy a share of stock for $20.27. After a year, it sells for $27.71 per share. If you received $2.63 in dividends over the course of the year, what was your rate of return? (Enter your answer in decimal, not percent, form; 0.1234, not 12.34%)
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