15. Quick Traps manufactures an innovative mouse trap. Sales this year are $280,000. The company expects its sales to go up to $440,000 in six years. What is the expected growth rate in sales for this firm? A) 7.82% B) 8.36% C) 5.71% D) 9.30% 16. Madison purchased a new car for $29,000. She was allowed $3,000 for her trade in and financed the remainder over 48 months of 4.2% per year. How much is her monthly payment? A) $407.45 B) $451.58 C) $589.39 D) $444.16 17. The expected return for Stock Z is 17 percent. If we know the following information about Stock Z, then what return will it produce in the Lukewarm state of the world? Return Probability 0.1 0.30 0.50 0.20 0.30 A) B) C) D) Poor Lukewarm Dynamite! 20% 30% 16% 22% 18. You have invested $16,000 of your portfolio in a stock with expected return of 8 percent and $24,000 in a stock with an expected return of 13 percent. What is the expected return of your portfolio? A) 15.6% B) 13.2% C) 12.4% D) 11.0%