Effective annual rate of interest for the credit period

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Reference no: EM131562512

1. On June 22, Roy's Welding Shop purchased $2,618 worth of goods. The terms of the sale were 2/15, net 45. What is the effective annual rate of interest for the credit period for this sale?

A. 27.86 percent

B. 31.38 percent

C. 29.42 percent

D. 25.73 percent

E. 28.63 percent

2. What is the beta of the following portfolio?

A. 1.08 B. 1.15 C. 1.04 D. 1.11 E. .99

Reference no: EM131562512

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