Question
33) you have been offered a loan amount of 80,000 from the Arab bank at an interest rate of 4.50%. the term of the loan
33) you have been offered a loan amount of 80,000 from the Arab bank at an interest rate of 4.50%. the term of the loan is 15 years. What is the total interest paid?
a. 29,159
b. 30,159
c. 159,30
d. 35,098
34). you have made 15 semi-annual payments into a sinking fund at 9% compounded semi-annually so that you get $4,850. Find the amount of each payment has been put into the sinking funds.
a. 249.35
b. 251.35
c. 232.18
d. 243.45
35) Suppose you know that a company just paid a dividend of$1.75 per share on its stock and that the dividend will continue to grow at a rate of 8 percent per year. If the required return on this stock is 10 percent, what is the current share price?
a. 96.90
b. 97.89
c. 94.50
d. 509.9
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