1.) What is the effective annual yield of 6% compounded quarterly? Answer in the percent format. Round to the nearest hundredth percent. Do not include any unity (If your answer is 4.36%, then enter 4.36 as your answer without % sign).

2.) Which of the following is a synonym for interest rate?

The required rates of return, The cost of capital, The discount rate, All of the above, None of the above