The table above shows the rate of return (APR) for four investment alternatives. Which offers the highest EAR? A B C D Investment: Rate of Return: Compounding 5.7% Yearly 5.6% Semiannually 5.5% Monthly 5.4% Weekly A. Investment A B. Investment B C. Investment C D. Investment D JRN Enterprises just announced that it plans to cut its next-year dividend, D1, from $3.00 to $1.40 per share and use the extra funds to expand its operations. Prior to this announcement, JRN's dividends were expected to grow at 6% per year and JRN's stock was trading at $26.00 per share. With the new expansion, JRN's dividends are expected to grow at 12% per year indefinitely. Assuming that JRN's risk is unchanged by the expansion, the value of a share of JRN after the announcement is closest to: O A. $25.28 O B. $54.17 C. $12.13 D. $26.00 Chittenden Enterprises has 603 million shares outstanding. It expects earnings at the end of the year to be $890 million. The firm's equity cost of capital is 9%. Chittenden pays out 30% of its earnings in total: 20% paid out as dividends and 10% used to repurchase shares. If Chittenden's earnings are expected to grow at a constant 4% per year, what is Chittenden's share price? A. $4.43 B. $8.86 C. $2.66 D. $17.72