QUESTION 38 If the effective annual rate of interest is known to be 18% on a debt that has payments every two months, what is the annual percentage rate? 16.78% 12.03% O20.43% O 15.68 % QUESTION 39 A stock is expected to return 9% in a normal economy, 11% if the economy booms, and lose 5% if the economy moves into a recessionary period. Economists predict a 58% chance of a normal economy, a 22% chance of a boom, and a 20% chance of a recession. The expected return on the stock in