1. Turtle Video expects sales of $538,600 next year. The profit margin is 6.1 percent and the firm has a 20 percent dividend payout ratio. What is the projected increase in retained earnings?

	A. $26,283.68
	B. $17,552.33
	C. $18,374.54
	D. $20,601.51

2. Calculate Court Paper's earnings per share if Court Paper sells 2 million new shares at $20 a share. Court Paper currently has 18 million common shares outstanding. The company's recent net income is $40 million.

	A. 1.28
	B. 1.39
	C. 2.00
	D. 2.22

3. Cindy acquires a bond that will pay her $40 yearly in interest plus a $500 payment of principal maturity. The $500 payment of principal is known as the:

	A. coupon.
	B. par value.
	C. discount.
	D. yield.