Part A. Match the appropriate Internal Rate of Return (IRR) to each set of cash flows.

- A. B. C. D. E.	CF0: -278 CF1: 32 CF2: 38 CF3: 36 CF4: 239 CF5: 126
- A. B. C. D. E.	CF0: -201 CF1: 12 CF2: 27 CF3: 37 CF4: 232 CF5: 182
- A. B. C. D. E.	CF0: -212 CF1: 22 CF2: 29 CF3: 10 CF4: 161 CF5: 218
- A. B. C. D. E.	CF0: -272 CF1: 32 CF2: 23 CF3: 34 CF4: 212 CF5: 120
- A. B. C. D. E.	CF0: -163 CF1: 14 CF2: 25 CF3: 18 CF4: 210 CF5: 212

A.	19.64%
B.	15.17%
C.	12.21%
D.	30.28%
E.	24.92%

Part B. You have a loan that carries an annual interest rate of 9.8 percent. The loan requires quarterly payments. What is the Effective Annual Rate (EAR) of this rate? (Show your answer in decimal form to four places)

Part C. Fred was on the seven year plan at the University of South Carolina and racked up $46,000 in student loans, which carry an annual interest rate of 11.5 percent and require monthly payments. His mom has offered to help him pay them off, but she wants to see him become responsible (good luck on that). She has said that if he pays off half of the debt within three years, she will pay the rest. How much would Fred have to pay on his student loan each month so that he had paid off exactly half of it within in three years? (Show your answer as a positive number to the nearest penny)

Part D. Fred just paid $64.16 for a share of preferred stock that pays $8.58 per year in dividends. The stock has no expiration date. What rate of return is Fred earning on this investment? Show your answer in decimal form to four places (e.g., 12.34% would be entered as 0.1234)