explain it

7. Preferred stock is valued as if it were O A. A common stock O B. A fixed- income obligation. O C. A bond. O D. A perpetuity. You just took out a $12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal end - of- year payments. The interest rate on the loan is 11.5%. Consider the final loan payment. How much interest do you pay in the final payment? 8. OA. $350.61 OB. $1,380.00 O c. $1,089.13 O D. $764.81 O E. $403.20