1. Ann purchased a car for $25,000. She is financing the auto at a 10% annual interest rate, compounded monthly for 4 years. What payment is required at the end of each month to finance Ann’s car?
2. XYZ stock has a beta coefficient of 1.7, and the market has a rate of return of 12%. The risk-free rate of return is 3%. Calculate the expected rate of return for this stock.
3. Michael purchased a U.S treasury bond for $1,050 and sells the bond later for $980. During the holding period, Michael received interest payments totalling $160. What is Michael's holding period return?