FINANCE

MULTIPLE CHOICE QUESTIONS

11. Zenoplex (Proprietary) Limited has taken out a loan of R450 000. The loan agreement states that the capital and interest of the loan will be repaid over the next four years, payable bi- annually at an interest rate of 12% per annum. What will the half-yearly repayments on the loan be? 1) R 31 500 2) R 72 117 3) R63 000 4) R 132 853 13. Covid-Detect Ltd had 10 300 000 issued shares. The company issued 1 150 000 new shares to new investors during the current financial year. What will the shareholding of the original shareholders be after the issue of the new shares to the new investors? [Round your final answer to two decimal places.] 1) 91,10% 2) 111,00% 3) 100,00% 4) 89,96%