1. Jennifers Jellies, Inc. recently purchased a building for $800,000. To finance the building, the firm obtained a mortgage in the full amount of $800,000. If the mortgage is to be paid off in 25 years and has a stated interest rate of 12%, how much are the firms monthly payments?

A. $102,000

B. 8,425.79

C. $6,000

D. Cannot be determined by the information provided

E. None of the above

2. If a market is considered efficient the implication is that you will be protected from wrong investment choices as a result of that efficiency but you cannot make abnormally large returns on investments. True or False