Reference no: EM132962725

Questions -

Q1. Find the monthly payment (in $) and the total interest (in $) for a mortgage of $48,000 at 5 1/4 % for 40 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.)

Q2. Kari is purchasing a home for $260,000. The down payment is 25% and the balance will be financed with a 15 year mortgage at 8% and 3 discount points. Kari made a deposit of $20,000 (applied to the down payment) when the sales contract was signed.

Kari also has these expenses: credit report, $70; appraisal fee, $110; title insurance premium, 1% of amount financed; title search, $200; and attorney's fees, $500. Find the closing costs (in $)

Q3. National Storage paid a dividend of $1.70 per share last year. If yesterday's closing price was $38.90, what is the current yield on the stock (as a %)? (Round to the nearest tenth.)

Q4. The board of directors of a human resources outsourcing company has declared a dividend of $2,000,000. The company has 600,000 shares of preferred stock that pay $0.90 per share and 1,700,000 shares of common stock.

(a) What are the dividends (in $) due the preferred shareholders?

(b) What is the dividend per share (in $) of common stock? (Round your answer to the nearest cent.)

Q5. You purchase 240 shares of stock at $37.40 per share. Several months later you sell the shares at $33.10. Your broker charges 2% commission on round lots and 3% on odd lots. Calculate the gain or loss (in $) on the transaction.