1. The next dividend payment by Hot Wings, Inc., will be $2.05 per share. The dividends are anticipated to maintain a 0.09 growth rate forever. If the stock currently sells for $48 per share, what is the required return? Answer with 4 decimals (e.g. 0.1234)
2. Your credit card company charges you 1.05 percent per month. What is the annual percentage rate on your account?
3. Todd is able to pay $310 a month for 4 years for a car. If the interest rate is 6.2 percent, how much can Todd afford to borrow to buy a car?