1 javier borrows 51000 from a local bank at an apr of 108, Ask an Expert

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1. Javier borrows 51,000 from a local bank at an APR of 10.8?%, compounded monthly. His monthly payments amount to ?$51 comma 00051,000?(A?/P?, 0.90.9?%, 5858?)equals=?$1 comma 132.551,132.55for a 5858?month loan. If Javier makes an extra payment on the first month of each? year, his repayment duration for the loan will be reduced to how many? months? ?Javier's repayment duration for the loan will be reduced to 53months. ?(Round up to the nearest whole? number.)

2. A company just paid a dividend of $3.00 per share. Four years ago, the company paid a dividend of $2.00 per share. You expect the dividend payment to continue growing at this same rate indefinitely into the future. If the required rate of return on equity is 14% per year, what would be a fair price for this stock today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92829422

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