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Assume you are buying a 3-bedroom house. You consider borrowing $400,000 from a bank at a rate of 3.6% per annum (compounds monthly) for 30 years. What will be your monthly loan repayment if you have a balloon payment of $60,000 and make the loan payments at the end of each month? Present your answer as a whole number to two decimals (including the $ symbol) and a positive value, e.g. $3210.65 (25% marks will be deducted if the $ symbol is not provided). Assume a preferred stock pays dividends at the rate of 6% with the face value of $100. The appropriate required rate of return is 7%. What is the value today of a share of this stock? Present your answer as a whole number to two decimals (including the $ symbol), e.g. $87.65 (25% marks will be deducted if the $ symbol is not provided)