Please Help! Wil make sure to give a thumbs up if solved correctly! Thank You for your help! QUESTION $6$

A tall Starbucks coffee costs $$3\mathrm{.}00$ in $2023.$ If the bank's quoted interest rate is $7\%$ per year, compounded daily, and if the Starbucks

price never changed, what would an endless, inheritable free subscription to one Starbucks coffee per day be worth today? HINT: Find

the daily interest rate assuming $365$ days and then solve this perpetuity.

$$1,095\mathrm{.}00$

$$10,950\mathrm{.}00$

$$11,132\mathrm{.}50$

$$15,642\mathrm{.}86$

QUESTION $7$

Exactly one year ago, Walt Disney Co stock $($DIS$)$ was $$99\mathrm{.}25.$ Today it sells for $$83\mathrm{.}29.$ Disney did not pay any dividends in this period.

By how much the Disney stock need to rise during the next year, for an investor to break even $($reach the $$99\mathrm{.}25$ price, ignoring inflation

and opportunity costs$)?$

$-16\mathrm{.}18\%$

$+16\mathrm{.}18\%$

$+19\mathrm{.}31\%$

$+83\mathrm{.}82\%$