1- You have invested in the stock of Mias Cribs and Cradles, Inc. and earned a return of 7% over the three months you owned the stock. Your annualized or effective rate of return on the stock was________.

2- You have invested in the stock of Josiahs Infantwear, Inc. and earned a return of 19% over the four years you owned the stock. Your annualized or effective rate of return on the stock was________.