Mary's 25th birthday is today, and she hopes to retire on her 65th birthday. She has determined that she will need to have $4,000,000 in her retirement savings account in order to live comfortably. Mary currently has no retirement savings, and her investments will earn 7% annually. How much must she deposit into her account at the end of each of the next 40 years to meet her retirement savings goal? Your Answer: Answer View hint for Question 2 Question 3 (0.2 points) Which one of the following statements is correct? 1 A current list of all bondholders is maintained whenever a firm issues bearer bonds. O2) Bonds are generally called at par value. 0 3) Collateralized bonds are called debentures. 4) A bondholder has the right to determine when his or her bond is called. 5) An indenture is a contract between a bond's issuer and its holders. Question 14 (0.2 points) Bavarian Sausage is expected to pay a $1.75 dividend next year and investors expect that dividend to grow by 4% each year forever. If the required return on the stock investment is 11%, what should be the price of the stock in s today? Your Answer: Answer View hint for Question 14 Question 15 (0.2 points) Find the price of the following stock today. It is expected to pay out a dividend of $1.50 per share in one year. The expected stock price in one year is $29 per share and investors' expected return (also known as cost of equity and equity cost of capital) is 7% Question 13 (0.2 points) The preferred stock of company XYZ pays preferred stock dividend of $3 each year, assuming the required rate of return is 8%, what is the price of this preferred stock in $