Lowe’s started the year with a stock price of $93.87, ended the year with a stock price of $119.60, and paid a single dividend during the year of $2.23. What was Lowes's total rate of return for the year? Round to the nearest tenth of a percent (if you found 32.11% for exp, then round down to 32.1. If you found 32.78, then round up to 32.8)

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?