Hello,

Can you help solve these?

1)How much did you borrow for your house if your monthly mortgage payment for a 30 year mortgage at 6.65% APR is $1,200?

2) Sales and profits of Growth Inc. are expected to grow at a rate of 25% per year for the next six years but the company will pay no dividends and reinvest all earnings. After that, the dividends will grow at a constant annual rate of 7%. At the end of year 7, the company plans to pay its first dividend of $3.50 per share. If the required return is 16%, how much is the stock worth today?

3) Shady Rack Inc. has a bond outstanding with 9.5 percent coupon, paid semiannually, and 19 years to maturity. The market price of the bond is $1,045.12. Calculate the bond's yield to maturity (YTM). Now, if due to changes in market conditions, the market required YTM suddenly increases by 2% from your calculated YTM, what will be thepercent changein the market price of the bond?

4)

Games R' Us Inc. is expected to pay no dividends for the next six years. At the end of the sixth year it will pay a dividend of $40 and cease operations. How much would you pay for the stock if you require a 10% rate of re