1. George sold all his stocks for $150 per share. He purchased the stock one year ago for $140 per share. If he did not receive any dividend payments during the year, what yeild did he earn on his investment.
2. Twelve years ago, you paid for the right to twelve $25,000 annual end-of-the-year cash flows. If discounting the cash flows at an annual rate of 8%, what did you pay for these cash flows back then.