Latisha invested $1,000 in XYZ stock. Two years later she sold the stock for $1,200. During the time she owned the stock, she received a total of $80 in dividends. What was her total return on this investment?

A firm with unpredictable cash flows is trying to set upper and lower limits for cash balances. Which of the following factors will result in upper and lower limits being closer to each other?

A) cost of trading securities is high B) interest rate is low C) current cash balance is low D) variance of the cash flows is low

A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker should do is:

A. notify escrow to charge this amount, plus the bounced check fee, to the buyer B. notify the borrower C. notify the principals D. write a personal check for $4,500 to cover the shortage