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Use the approximate expected return formula or a financial calculator to rank the following investments according to their expected returns. After ranking the investments based

Use the approximate expected return formula or a financial calculator to rank the following investments according to their expected returns. After ranking the investments based on their approximate yield, describe what makes a good investment? Buy a stock for $30 a share, hold it for 3 years, and then sell it for $60 a share (the stock pays annual dividends of $2 a share). Buy a security for $40, hold it for 2 years, and then sell it for $100 (current income on this security is zero). Buy a 1-year, 5 percent note for $1,000 (assume that the note has a $1,000 par value and that it will be held to maturity)

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