Cross has an unperfected security interest in the inventory of Safe, Inc. The unperfected security interest A. Is superior to the interest of subsequent lenders who obtain a perfected security interest in the property. B. May only be perfected by filing a financing statement. C. Causes Cross to lose important rights against Safe as an entity. D. Is subordinate to lien creditors of Safe who become such prior to any subsequent perfection by Cross.

An investor purchases 500 shares of nevada industries common stock for $22.00 per share today. at t = 1 year, this investor receives a $0.42 per share dividend (which is not reinvested) on the 500 shares and purchases an additional 500 shares for $24.75 per share. at t = 2 years, he receives another $0.42 (not reinvested) per share dividend on 1,000 shares and purchases 600 more shares for $31.25 per share. at t = 3 years, he sells 1,000 of the shares for $35.50 per share and the remaining 600 shares at $36.00 per share, but receives no dividends. assuming no commissions or taxes, the money-weighted rate of return received on this investment is closest to: