1. You borrow $235,000; the annual loan payments are $22,874.04 for 30 years. What interest rate are you being charged? Round your answer to two decimal places. %
2. Henderson's Hardware has an ROA of 11%, a 7.5% profit margin, and an ROE of 18%. What is its total assets turnover? Round your answer to two decimal places. What is its equity multiplier? Round your answer to two decimal places.
3. Assume that the risk-free rate is 6% and the required return on the market is 13%. What is the required rate of return on a stock with a beta of 1.6? Round your answer to two decimal places.