Anggun Bhd has outstanding nonconvertible preferred stock (cumulative) that pays a quarterly dividend of RM1.25. If your required rate of return is 9.5%, what should you be willing to pay for 1000 shares of the firm?

Select one:

a. RM52,621.58

b. RM52,611.58

c. RM52,631.58

d. RM52,601.58

Bellamara Bhd has outstanding borrowings. One of these borrowings is nonconvertible preferred stock (cumulative) with a par value of RM75 and an annual dividend rate of 8.25%. This preferred stock is currently selling for RM56.46 per share. What is the yield or return (r) on this preferred stock?

Select one:

a. 10.623%

b. 10.395%

c. 10.432%

d. 10.959%

You decide to borrow RM250,000 to build a new home. The bank charges an interest rate of 8% compounded monthly. If you pay back the loan over 30 years, what will your monthly payments be (rounded to the nearest RM)?

Select one:

a. RM1,237.

b. RM1,834

c. RM1,123.

d. RM1,687

You just invested RM50,000 into an account that earns 7 percent compounded annually. At the end of each year you can withdraw RM4,971. How many years can you continue to make the withdrawals?

Select one:

a. 18 years.

b. 11 years.

c. 10 years.

d. 28 years.