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Sara wants to buy a house. The house she wants is listed for $600,000, and she wants to avoid PMI insurance. She can get a fixed rate mortgage at 3.25% for 30 years. Don’t worry about taxes and insurance for any of these questions, just keep in mind that those would need to be considered as well.
a) What down payment will she need?
b) If Sara makes her down payment and takes out the loan described, what will be her monthly payment?
c) If Sara makes her down payment and takes out the loan described, what will be the total cost of the house?
d) What would be the total cost of the house if she took out a 15-year mortgage at 2.50?
e) What if Sara can only pay a 15% down payment, what would her first monthly payment be for the 30-year mortgage at 3.25%? (Assume PMI insurance cost is 1% of the loan amount per year.)
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Ten years ago the Singleton Company issued 22-year bonds with a 10% annual coupon rate at their $1,000 par value. The bonds had a 9% call premium, with 5 years of call protection. Today Singleton called the bonds. Compute the realized rate of return ..
Fred Flintstone has just become the product manager for Yabba Dabba Doo, a consumer packaged product with a retail price of $2.00. Retail margins on the product are 33%, while wholesalers take a 12% margin. How many units will Yabba have to sell next..
What is the company's dividend payment per share this year?
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