Chapter 12 Financial Planning Exercise 1 Ranking investments by expected returns a. Buv a stock for $50 a share, hold it for 3 years, then sell it for $80 a share (the stock pays annual dividends of $3 a share). b. Buv a security for $25, hold it for 2 years, then sell it for $65 (current income on this security is zero). Do not round intermediate calculations. \% c. Buv a 1-vear, 10 percent note for $940 (assume that the note has a $1,000 par value and that it will be held to maturity). Do not round intermediate calculations