1. In contact lobbying, lobbyists:
a) carry out direct interaction with government officials or staffs through meetings, phone calls or e-mails.
b) carry out activities that are designed to build friendly relations with lawmakers, officials, and staffs.
c) try to generate public support for the position of a company, industry, or any interest.
d) All of the above.
2. Joshua bought a stock for $17 a share two years ago. The stock does not pay any dividends. Today Izzie sold the stock for $18.50 a share. What was his internal rate of return on this investment? (please show work)
A. 7.1%
B. 6.2%
C. 8.8%
D. 4.3%