24. Nor-Cal Surf recently paid a $0.70 quarterly dividend. This dividend increases at an average rate of 3.8% per year. The stock is currently selling for $26.91 a share. What is Nor-Cal's rate of retur (r)? A. 13.88 percent B. 14.03 percent C.14.21 percent D. 14.37 percent E. 14.60 percent 25. Kirk Cousins sells short both stock A worth $25, and stock B worth $35. He also buys both stock Z at $28, and stock Y at $51. If after one week all four stocks are priced at $31, what is Kirk's net gain or loss if he closes out all positions at $31? A. $22 loss B. $19 loss C. $12 gain D. $19 gain E. $22 gain