You have a 17 year, 10%, fully amortized mortgage. What fraction of the payment made in the 6th payment will represent the interest? (Note: the mortgage rate is quoted as APR compounded monthly Please retain at least six places of a decimal in your calculation Select one: 80.82% 80.50 % 80.66% 19.18% Insufficient information to solve the question. We need to know the amount borrowed. Thomas's Inc. issued the 6% preferred stock at a price of $105 last year, this preferred stock is currently priced at $102.97. If Michaels wishes to sell some new preferred stock at par, what rate should they assign to the new shares? The stock has a notional face value of $100. (Note: assume that the required rate of return on the new preferred stock will be the same as that on the existing preferred stock. Retain at least 4 decimals in your calculation.) Select one: O 5.83% O 5.71% 06.00% O 0.06% 6.12% Use the following THREE statements to answer this question: . 1) Preferred shares typically have a fixed dividend, whereas the dividend from common shares is determined by a firm's board of directors every year. II) The growth rate of the dividend g is equal to the firm's ROE times its payout ratio. III) When a firm goes bankrupt, the common shareholder has priority over the preferred shareholder to claim the firm's asset. . Select one: Only lis correct Both I and II are correct. O Both I and III are correct. All statements are correct. Not