Question: Lee borrows RM10,000 today at 8.25% compounded annually. The terms of the loan require Lee to repay the principal and interest in one lump sum
Lee borrows RM10,000 today at 8.25% compounded annually. The terms of the loan require Lee to repay the principal and interest in one lump sum four years from today. How much will Lee have to pay in four years?
Select one:
a. RM13,731.30
b. RM13,300.00
c. RM13,864.13
d. RM13,466.67
The last dividend for ABC Company was RM1.50. The dividend growth rate is expected to be constant at 20% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the required return is 13%, what is the company's current stock price?
Select one:
a. RM25.16
b. RM28.26
c. RM27.89
d. RM32.28
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