An investor purchases a Treasury bill with a $10,000 par value for $9,645. One hundred days later, the investor sells the T-bill for $9,729. What is the investor's expected annualized yield from this transaction?

	A.	8.73 percent
	B.	3.18 percent
	C.	4.55 percent
	D.	2.80 percent
	E.	None of the given answers are correct

HEAVY Company paid a dividend of $6.76 per share this year and plans to pay a dividend of $8 per share next year, which is expected to increase by 1 percent per year subsequently. The required rate of return is 12 percent. The value of HEAVY stock, according to the dividend discount model, is $____.

	A.	72.72
	B.	41.67
	C.	61.45
	D.	66.67
	E.	None of these are correct.