1. Suppose that you purchased 250 shares of a stock at $32 per share, ignoring all commissions. Assume the stock paid a dividend of $3.75 per share for theyear. The stock price rose to $44.25 per share and was then sold at that price. What was the total dollar return?
A. $937.50
B. $12,000
C. $4,000
D. 5,750
2. Future Value Compute the future value in year 6 of a $370 deposit in year 3 and another $170 deposit at the end of year 5 using a 12% interest rate.
A. $1,065.86
B. $693.60
C. $908.40
D. $710.22