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3. After reading the fine print in your credit card agreement, you find that the low interest rate is actually an 18% APR, or 1.5%

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3. After reading the fine print in your credit card agreement, you find that the "low" interest rate is actually an 18% APR, or 1.5% per month. What is the effective annual rate? A 18.47% B. 19.56% C. 18.82% D. 19.41% 4. What is the most likely value of the PVGO for a stock with a current price of $50, expected earnings of $6 per share, and a required return of 20%? A. $10 B. $20 C. $25 D. $30

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