1. You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $18 million, dividend paid is $0.40 million, addition to retained earnings is $0.60 million, and debt-to-equity ratio is 1.5 times. Calculate the return on equity (ROE) for the firm.
2. Alex Karev has taken out a ?$190,000 loan with an annual rate of 11 percent compounded monthly to pay off hospital bills from his wife? Izzy's illness. If the most Alex can afford to pay is ?$2,000 per? month, how long will it take to pay off the? loan? How long will it take for him to pay off the loan if he can pay ?$2,500 per? month? Use five decimal places for the monthly percentage rate in your calculations.