1. In boom times, interest rates tend to be high, all else the same. In recessionary times, interest rates tend to be low, all else the same. How is this consistent with the productivity of capital's influence on interest rates?
2. A stock has had returns of 17.72 percent, 12.40 percent, 6.46 percent, 28.06 percent, and −13.99 percent over the past five years, respectively.
What was the holding period return for the stock?