Firms that pay dividends typically pay

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Reference no: EM131859642

1. Shawn agreed to a $ 140,000 fixed-rate loan from First National Bank today and promised to repay the loan with 36 equal monthly payments at an APR of 7 %. How large are her monthly payments? Use a financial calculator to determine your answer. Make sure you set up your calculator for the appropriate number of payments per year accordingly.

A) $15,821.78

B) $3,663.87

C) $4322.79

D) $932.45

2. Donald agreed to a $100,000 fixed-rate loan from First National Bank today and promised to repay the loan with 36 equal monthly payments at an APR of 6.50%. What is the EAR of his loan? (Hint: If you use the HP financial calculator, make sure you're set up correctly, and have N set accordingly before calculating EAR

A) 6.90%

B) 7.10%

C) 6.70%

D) 6.50%

3. Firms that pay dividends typically pay ________ time(s) per year

A) Two

B) One

C) Four

D) Twelve

4. A common practice today is to have shares of stock in the ________ , using the name of the broker as owner rather than you

A) Bearer Name

B) Street Name

C) Broker name

D) Beneficiary name

Reference no: EM131859642

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