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Eric recently purchased furniture for his family room on his credit card. If the nominal APR is 5.95% (compounded monthly), what is the effective annual

Eric recently purchased furniture for his family room on his credit card. If the nominal APR is 5.95% (compounded monthly), what is the effective annual rate? 7. JEM stock has a beta coefficient of 1.35, and the market has a rate of return of 8.50%. The risk-free rate of return is 1.75%. 


Calculate the expected rate of return for this stock. 8. Lucas invested $15,000 into a 5-year CD that pays an annual interest rate of 3.5% compounded quarterly. What will be his annual compound rate of return after the 5 years?


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