Financial Planning Exercise 1 Ranking investments by expected returns What makes for a good investment? Use the approximate yield formula or a financial calculator to rank the following investments according to their expected returns. Round the answers to two decimal places. Do not round intermediate calculations. a. Buy a stock for \\( \\$ 50 \\) a share, hold it for 3 years, and then sell it for \\( \\$ 80 \\) a share (the stock pays annual dividends of \\( \\$ 3 \\) a share). \ b. Buy a security for \\( \\$ 25 \\), hold it for 2 years, and then sell it for \\( \\$ 65 \\) (current income on this security is zero). Do not round intermediate calculations. \ c. Buy a 1-year, 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. \ From highest to lowest return, ranking is as follow