8. A portfolio consists of $14,894.53 in Stock M and $ 21,053.19 invested in Stock N. The expected return on these stocks is 8.25 percent and 12.29 percent, respectively. What is the expected return on the portfolio? Answer as a percentage (e.g. 0.1111 is 11.11%, so you would write 11.11 as the answer)

15. Panther Inc. is expected to pay an annual dividend of $5.35 on its common stock in one year. The current stock price is $76.13 per share. The company announced that it will increase its dividend by 3.16 percent annually. What is the company's cost of equity? Answer as a percentage (e.g. 0.1111 is 11.11%, so you would write 11.11 as the answer)

22. The Outlet Mall has a cost of equity of 15.53 percent, a pretax cost of debt of 8.92 percent, and a return on assets of 11.98 percent. Ignore taxes. What is the debt-equity ratio? Report as a decimal (e.g. debt-to-equity ratio of 0.5 would be 0.5 and not 50%)