Yang was so fortunate that he just won a lottery. According to the rule, Yang will receive a check at the end of each year over the next 25 years. Due to the inflation, the dollar amount of each check will grow at 2% per year. This prize is actually a(n)______.

Question 39 options:

a)	growing annuity.
b)	annuity due.
c)	growing perpetuity.
d)	annuity.
e)	perpetuity.

Question 40 (1 point)

You find that XXY stock price was $2.5, $3.2, $3.5, $2.5, and $3.0 over the past five days, respectively. Based on this information, what is the arithmetic average rate of return?

Question 40 options:

a)	2.94%
b)	7.35%
c)	7.20%
d)	5.76%
e)	8.00%