What is the monthly payment-jct auto financial

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1) JCT Auto Financial loans you $34,000 for five years to buy a car. The loan must be repaid in equal monthly payments. The annual interest rate on the loan is 3.5 percent. What is the monthly payment?

2) If you wish to accumulate $290,000 in the child's college fund after 18 years, and can invest at a 11% annual rate, how much must you invest at the end of each year if the first deposit is made at the end of the first year?

3) JCT, Inc. common stock is currently selling for $11 per share, is expected to pay a $0.70 dividend, and sell for $11.40 one year from now. What are the dividend yield, growth rate, and total rate of return?

4) SOSU Inc. paid a dividend of $1.50 on its common stock yesterday. The dividends are expected to grow at 6% per year indefinitely. If the 10-year Treasury bond yield is 2%, IMC stock beta is 1.2, and market risk premium is 10%, estimate the value of IMC stock 2 years from now.

5) Star Inc. issued bonds in 2008. The bonds had a coupon rate of 4.5%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature in 2023. What is the intrinsic value of an KLM Inc. bond in 2013 to an investor with a required return of 8%?

Reference no: EM132700852

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