1.Eight months ago, Turner purchased 110 shares of Delta Frames stock at a price of $46.25 a share. Delta pays a quarterly dividend of $2.10 a share. Today, Turner sold all of his shares for $49 per share. What is Turner's total capital gain on this investment?

2.

If a firm produces a 10 percent return on assets and also a 10 percent return on equity, then the firm:

Select one:

a. also has a current ratio of 10.

b. has no debt of any kind.

c. has an equity multiplier of 2.

d. is using its assets as efficiently as possible.

e. has no net working capital.

3.This morning, Alicia bought a ten-year 7% coupon bond that pays interest semi-annually. She paid $994 for a $1,000 bond. If the market interest rate on this type of bond declines to 6.5% tonight, how much will Alicia receive for her first interest payment?

4.An investment earned the following returns for the years 2013 through 2016:20%, -50%, 30%, and 10%. What is the variance of returns for this investment?

5.For a project with an initial investment of $40,000 and cash inflows of $11,000 a year for five years, calculate NPV given a required return of 10%/year.