1. The nominal rate of interest, convertible semiannually, is 8%. You deposit $150 each month for four years. Find the accumulated value of this annuity at the time of the last deposit.
2. Jamison Insurance’s stock currently sells for $13.50 a share. It just paid a dividend of $1.70 a share. The dividend is expected to grow at a constant rate of 5% a year. What is the expected rate of return?
3. List three legal risks your business will face. Discuss each in detail and explain how you plan to minimize these risks.