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1. A company wishes to obtain loan worth RM3,500 for 110 days. At maturity, the company will pay back the principal, RM3,500 in addition to

1. A company wishes to obtain loan worth RM3,500 for 110 days. At maturity, the company will pay back the principal, RM3,500 in addition to interest of RM80. Suppose there are 365 days in a year. What is the Annual Percentage Rate (APR)?

2. Ebit Corp. has a preferred stock that pays a dividend of RM2.80. If you are willing to purchase the stock at RM46, what is your required rate of return?

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