41.A store is offering a diamond ring for sale for 60 months at $100 per month. The retail price of the ring is $5,000. What is the annualized interest rate on this offer?

10.51%

9.28%

7.42%

8.68%

42.You want to receive $5,000 per month in retirement. If you can earn 0.5% return per month and you expect to need the income for 30 years, how much do you need to have in your account at retirement?

$644,156

$589,511

$722,166

$833,958

43.A firm has issued a bond. The bond has a 12% coupon, paid semiannually, a current maturity of 20 years, and sell for $1,171.59. The firm's marginal tax rate is 40%. What's the firm's after-tax component cost of debt?

3.0%

5.0%

6.0%

12%

44.A firm's preferred stock currently sells for $100 per share and pays a dividend of $10 per share. However, the firm will only receive $95 per share from the sale of new preferred stock due to the floatation costs. What's the firm's component cost of Preferred stock?

10.5%

10.9%

11.1%

11.8%