11. If interest rates rise, a. The future value of a dollar declines b. The present value of a dollar rises c. The present value of an annuity falls d. The future value of an annuity falls 12. According to my lecture in class, the General Motor's Return on assets in 2018 was about a. 1% 63% c. 7% d. 16% 13. If the net present value of two mutually exclusive investments is positive, the firm should a. Make both investments b. Make neither investment c. Make the investment with the lowest net present value d. Make the investment with the highest net present value 14. Which is the smallest if interest rates are 12 percent? a. Present value of a lump sum of $100 after six years b. Present value of a $100 annuity for six years c. Future value of a $100 annuity for four years d. Future value of a lump sum of $100 after six years 15. The person who established the Constant Growth Model for dividends a. Gordon Gekko b. Warren Buffett c. David Treadway d. Myron Gordon