Project C is similar in risk to a company in their same industry that has an average leveraged beta of 1.2. If Conover uses a pure play method to evaluate project C, what is the appropriate cost of equity capital for the project（）

单项选择题A major brokerage house is currently selling an investment product that offers an 8 percent rate of return, compounded monthly. Based on this information, it follows that this investment has:（）

A. a stated rate of 0.830%.
B. an effective annual rate of 8.00%.
C. a periodic interest rate of 0.667%.

单项选择题Compared to European call options on an asset with no cash flows, an American call option:（）

A. will have a lower, lower bound on its price.
B. will have the same lower bound on its price.
C. will have a higher, lower bound on its price.