1. What is the present worth of a geometrically increasing series with a first year payment of $11,000 increasing at 6% per year for 25 years if the interest rate is 6% compounded annually?
2. What are the positives an negatives of an (LLC) business compared to the other three?
3. Define the concept of market efficiency and the efficient market hypothesis (EMH).
Provide an argument that either supports or refutes the application of EMH. Use research and examples of investors.