1. (Solving for r in compound interest) If you were offered $1,949.12 6 years from now in return for an investment of $ 800 currently, what annual rate of interest would you earn if you took the offer? If you took the offer, the annual interest rate you would earn is %. (Round to the nearest whole percent.) ANSWER:

2. (Common stockholder expected return) Ziercher executives anticipate a growth rate of 11 percent for the company's common stock. The stock is currently selling for $43.43 per share and pays an end-of-year dividend of $1.89. What is your expected rate of return if you purchase the stock for its current market price of $43.43? Your expected rate of return is %. (Round to two decimal places.) ANSWER:

PLEASE ANSWER EACH (BOTH) QUESTIONS CORRECTLY AND FULLY!!!