How much is the total monthly payment for mortgage

Reference no: EM131947443

1. You decide to buy a house for a total of $198842. To get a mortgage loan, you make a 10% down payment, and the bank will lend you the rest. The interest rate quoted for this loan is 6% APR, and the loan will be paid (and interest compounded) every month, for the next 30 years. How much is the TOTAL monthly payment for this mortgage?

2. A company has $96 million in outstanding bonds, and 10 million shares of stock currently trading at $37 per share.The bonds pay an annual coupon rate of 5% and is trading at par. The company's beta is 0.8, its tax rate is 40%, the risk-free rate is 3%, and the market risk premium is 4%. What is this firm's WACC?

Reference no: EM131947443

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