1.

Omniva Inc. just generated earnings per share of $3.75 for the fiscal year ending September 30, 2014. The firm is expected to achieve earnings per share of $8.76 in 5-years. At what rate will Omniva Inc.s earnings per share be growing over this 5-year period? (Round off to the nearest 1/10 percent)

	(a)	15.7%
	(b)	18.5%
	(c)	21.3%
	(d)	13.4%

2.

The true cost of lending is the:

(a)		annual percentage rate.
(b)		effective annual rate.
(c)		quoted interest rate.
(d)		interest rate per period.