7. You want to retire on the day you have $2,000,000 in your retirement account. You expect to withdraw $12,000 a month from the account and earn 7 percent, compounded monthly during your retirement. How many years can you live after retirement without running out of money? A. 42.87 years B. 81.34 years ( 57.78 years D. You will never run out of money. 8. A preferred stock pays annual dividends of $6.50 and currently sells for $83.33 a share. What rate of return does this stock offer? 5.42 percent B. 6.50 percent e. 7.80 percent D. 8.33 percent