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Rebecca purchases a home for $452,000. She makes a down payment of 15% of the purchase price finances the remainder with a 30 -year mortgage.
Rebecca purchases a home for $452,000. She makes a down payment of 15% of the purchase price finances the remainder with a 30 -year mortgage. The loan has monthly payments with the first being due one month from today. If the annualized interest rate for the loan is 4.1%, what is Rebecca's monthly payment? Enter your answer as a positive number, and round to the nearest dollar. Cameron expects his firm's stock to pay its next annual dividend (D1) of $2.43 exactly one year from now. He also believes future annual dividends will grow at a constant rate of 4% per year indefinitely. If the stock price is $38.80 today, what is Cameron's estimate of his firm's cost of equity? Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 10.5%, enter .1050
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