You, in analyzing a stock, find that its expected return exceeds its required return. This suggests that you think a. dividends are not likely to be declared. b. management is probably not trying to maximize the price per share. c. the stock should be sold. d. the stock is experiencing supernormal growth. e. the stock is a good buy.

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as