1. Zedco and Associates has $3 million in cash from the recent sale of a business unit and a goal of repurchasing stock. Their Po is $30 with Noof 3.2 million. How many shares will remain after the repurchase?
a. 2,900,000
b. 1,900,000
c. 3,100,000
d. 3,000,000
2. If I have $1 million in retirement investments how much can I withdraw per year for the next 30 years and have a 0 balance at the end of year 30 if my expected return is 5.5%
a. $68,805
b. 142,525
c. $82,611
d. $55,000