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2. and/or 3. please? FV - PV + PV (t) FV-PV (1 + r) PV FV (1+r) FV In(1+r) 1. Your aunt bought AT&T stock

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FV - PV + PV (t) FV-PV (1 + r) PV FV (1+r) FV In(1+r) 1. Your aunt bought AT&T stock 2 years ago for $26.08. Today she sold it for $39.70. What was her implied return? 2. A real estate investor expects a property to sell for $1,000,000. If the property costs $799,370.55 and the impled return is 8%, how long until the property is sold? 3. You bought Target stock 3 years ago. In the first year, you collected a dividend of $2.48, the second year, you collected a dividend of $2.56, the third year you collected a dividend of $2.64 and sold the stock for $120.13. (Hint: this means your third year cash flow was $122.77.) If you earned a return of 6.5% per year, how much did you buy the stock for 3 years ago

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