On september 1, 2018, hiker shoes issued a $102,000, 8-month, noninterest-bearing note. the loan was made by second commercial bank where the stated discount rate is 11%. hiker's effective interest rate on this loan (rounded) is: a. 11.8%b. 11.87%c. 11.00%d. 11.79%

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%