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1. Spark has paid the following dividends during 2021-2022: The price of Spark shares at the start of 2021, 2022, and 2023 are 2. You

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1. Spark has paid the following dividends during 2021-2022: The price of Spark shares at the start of 2021, 2022, and 2023 are 2. You are trying to market an investment where investors give you $1,000 at the start of the year, and you pay them back $1,225 at the end of three years. (a) What is the EAR of the investment

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