1.Armin's wonderful parents established a college savings plan for him when he was born. They deposited $63 into the account on the last day of each month. The account has earned 8.5% compounded monthly, tax-free. How much can they withdraw on his 18^thbirthday to spend on his education? Round to the nearest dollar.

2.Eren purchased 800 shares of Ackerman Corp. Stock at $5.24 per share on 1/1/2016. He sold the shares on 12/31/2016 for $6.77. Ackerman stock has a beta of 1.8. The current risk-free rate of return is 2.7%, and the market risk premium is 3.9%. Based on the CAPM, what is the required return on Ackerman Corp. stock? Round to the nearest two decimals

3.Haswell Enterprises' bonds have a 19-year maturity, a 6% coupon, and a par value of $1,000. The going interest rate (rd) is 5%. Assuming semiannual compounding what is the bond's price?