1. Airlines are an example of an industry that has light operating leveage. Waht do you think is the reason for this?
2. Builtrite stock is currently selling for $40 a share. You purchase 200 shares and later the stock is selling for $46 a share. Without using margin, what is your ROI?
3. A payday loan company charges 6 percent interest for a two-week period. What would be the annual interest rate from that company? Assume an even 52 weeks per year. (Enter your answer as a percent rounded to 1 decimal place.)