1. What is the dividend yield on a stock that costs $25.50, pays a dividend of $1.66 over the next year and has an expected return of 13%?
5.14%
6.51%
13.32%
25.5%
5.69%
2. On January 1, 2016, Michael purchased $3,000 worth of lawn mower from a Department store. The purchase was financed by a consumer loan which required Michael to pay a monthly payment of $141.50 at the end of each month for two years. What was the annual percentage rate (APR) of the consumer loan?
a) 12.20%
b) 12.85%
c) 13.12%
d) 13.68%
e) 14.36%