What is the effective annual rate of interest for the, Financial Management

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What is the effective annual rate of interest for the

1. On June 22, Roy's Welding Shop purchased $2,618 worth of goods. The terms of the sale were 2/15, net 45. What is the effective annual rate of interest for the credit period for this sale?

A. 27.86 percent

B. 31.38 percent

C. 29.42 percent

D. 25.73 percent

E. 28.63 percent

2. What is the beta of the following portfolio?

A. 1.08 B. 1.15 C. 1.04 D. 1.11 E. .99

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