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What is Sly beta

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Question - Rob and Laura wish to buy a new home. They need to borrow $250,000. New Rochelle Savings and Loan will lend them that much at a 4.5% fixed APR for 30 years, with monthly payments to begin in one month. (Ignore taxes.)

How much will their monthly payments be?

What is the interest on their 120th payment?

The required return on Sly's Stone Co. stock is 15%. The required return on the market is 10% and the risk-free rate is 5%. What is Sly's beta?

Reference no: EM132977586

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