1. Solve fory in the equation below. Round your answer to the nearest hundredth. Do not round any intermediate computations. 73y =8
2. How long will it take for a$2500 investment to grow to$3500at an annual rate of15%, compounded monthly? Assume that no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest hundredth.
3. During 2020, Alice Miller purchased220 shares of common stock issued by Logan Development Corporation for$9500including commission. Later in the same year, Alice sold the shares for$10,400 after commission. Calculate the following. (Round all answers to two decimal places.) a) Profit on this stock transaction? b) Percentage return on investment?
4. For 2020, the annual earnings for Patterson's Manufacturing were$5,000,000. The corporation has5,935,700 shares of common stock outstanding and pays an annual dividend of$0.37 per share. The closing price for a share of common stock was $27 last night. Calculate the following. (Round all answers to two decimal places if necessary. a)Current yield percent? b) Earnings per share? c)Price-earnings (PE) ratio?
5. On September 29, 2020, the board of directors of Overload Spring Company voted to distribute$2,440,000to the firm's stockholders. If the firm has issued50,000 shares of 3% preferred stock with a par value of $25 and 1,850,000 shares of common stock outstanding, calculate the following. (Round all answers to the nearest cent.) a) Dividend per share of preferred stock? b)Dividend per share of common stock?
6. An ordinary (fair) die is a cube with the numbers1through6 on the sides (represented by painted spots). Imagine that such a die is rolled twice in succession and that the face values of the two rolls are added together. This sum is recorded as the outcome of a single trial of a random experiment. Compute the probability of each of the following events. EventAThe sum is greater than8 EventB The sum is not divisible by6. Round your answers to two decimal places. (a)P(A)=? b)P(B)=