Assume the average SUV selling price in the United States last year was $33,000. The average price seven years earlier was $26,500. What was the annual increase in the selling price over this time period? Multiple Choice 2.86 % 3.92% 4.71% 3.18 % 5.31% You recently purchased a stock that is expected to earn 30 percent in a booming economy, 15 percent in a normal economy, and lose 10 percent in a recessionary economy. There is a 5 percent probability of a boom and a 65 percent chance of a normal economy. What is your expected rate of return on this stock? (hint: be sure to identify probabilities of each economic state) Multiple Choice 10.45 percent 6.75 percent 7.65 percent 9.65 percent 8.25 percent Checks Inc. issued 10-year bonds two years ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5 percent, what is the current bond price? (hint think of how many years remain on the bond) Multiple Choice $1162.98 $985.88 $1,422.31 $1,130.55 $1,264.88