You are thinking of purchasing the stock of Moore Oil, Inc. and you expect it to pay a $2 dividend next year and you believe that you can sell the stock for $14 right after you get the dividend next year. If you require a holding period return (HPR) of 20% on this investment, what is the price you would be willing to pay a share right now? Discover credit card charges 1.5% interest per month on the account balance, what rate of interest must they report by law (APR) to their potential borrowers? Suppose you just deposited $50 today into Bank of America savings account that has an APR of 6%. Based on simple interest annually, how much will you have in the account after 35 years assuming no withdraw? What would be your answer if the same interest is annual compounding instead