What is annual percentage rate on your account

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1. The next dividend payment by Hot Wings, Inc., will be $2.05 per share. The dividends are anticipated to maintain a 0.09 growth rate forever. If the stock currently sells for $48 per share, what is the required return? Answer with 4 decimals (e.g. 0.1234)

2. Your credit card company charges you 1.05 percent per month. What is the annual percentage rate on your account?

3. Todd is able to pay $310 a month for 4 years for a car. If the interest rate is 6.2 percent, how much can Todd afford to borrow to buy a car?

Reference no: EM132003404

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