1. Suppose that you sell for 5 dollars each five put options with a strike price of 90 dollars. On the exercise date, what stock price will yield a loss of 90 dollars?

2. A company has a current stock price of $32.35 per share. Next quarter's dividend is expected to be $2.52 and is expected to grow at a rate of 4.13 % per year. The firms's required return on common equity is:

3. Assume a corporation has earnings before depreciation and taxes of $85,000, depreciation of $25,000, and that it has a 35 percent tax bracket. What are the after-tax cash flows for the company? $67,800 $64,000 $58,800 $68,600.