1. If a dealer sells $12 million 85-day NCDs at an offer of 1.91% that they had bought earlier on the same day at a bid price of 1.89%. what is the dealers profit in dollar terms on this trade?
   1. $52,584.99
   2. $553.99
   3. -$553.90
   4. $558.90
   5. -$558.90
2. Calculate the share price for a company that has a forecast dividend of $1.05, the dividend is forecasted to increase at 3.25% pa and the required return on its equity is 11.15% pa
   1. $9.42
   2. $14.77
   3. $9.72
   4. $13.72
   5. $13.29