What will be the amount of each monthly repayment

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Reference no: EM131933652

1. Jason and Mary purchase a house for $550,000. They obtain a home loan for 80% of the purchase price. They wish to pay off the mortgage monthly over 25 years. Assume a fixed interest rate of 4.5% p.a. What will be the amount of each monthly repayment?

2. TTK Corp preferred stock pays a $10 annual dividend per share. What is the price of a share of TTK preferred if similar-risk preferred stock yields 8%? What is the stock price 4 years later?

Reference no: EM131933652

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