1) A stock had a price at the beginning of the year of $100 and was selling for $102 at the end of the year. If the total shareholder returns were 5 percent, then the cash dividend per share must have been

2) A firm with a 50 percent debt ratio faces a 40 percent tax rate and pays a 10 percent interest rate on its debt. If the return on assets is 20 percent the return on equity will be

3) If the firm has a constant dividend payout ratio of 20 percent, and desires a sustainable growth rate of 20 percent, it must have a return on equity equal to