QUESTION 13 Rancher Inc. wants to offer preferred stock for sale at a price of $40 a share. The company wants its investors to earn a 5.25 percent rate of return. What is the minimum annual dividend the firm will need to pay per share? o $1.12 $2.10 $2.33 $1.80 QUESTION 14 A loan that compounds interest monthly has an APR of 18 percent. What is the EAR? 18.12 percent O 20.00 percent 19.89 percent 19.56 percent QUESTION 15 Ethan borrowed $5,000 today. The loan agreement requires him to repay $6,000 in one lump sum payment one year from now. This type of loan is referred to as a(n) pure discount loan o quoted rate loan o interest-only loan simple interest loan. QUESTION 16 If a bond has the coupon rate lower than its yield to maturity (YTM), The bond price is equal to the par value. o It is a premium bond. o It is a discount bond. The bond price is higher than the par value