FinCorp Inc. purchased a stock for $48. It expects to receive a dividend of $4 in one year and to sell the stock immediately afterwards.

a)If the sale price is $65, what is the expected one-year holding period return?

b)If the sale price is $38, what is the expected one-year holding period return?

c)If the actual return was 5 percent, what was the sale price?

d)If the actual return was 18 percent, what was the sale price?