Qeustion 41Part A:

Part B:

Question 41 View Policies Current Attempt in Progress Mary is thinking about purchasing a two-bedroom condominium as a rental property investment. She believes she can easily find a family to rent the property and pay $1,050 per month in rent. Her monthly expenses include (1) a mortgage with a payment of $700, (2) condo fees of $80, (3) taxes of $125, (4) insurance of $50, and (5) miscellaneous maintenance of $40. How much profit will Mary make by being a landlord? (Round answer to 0 decimal place, e.g. 52.) Mary can make per month Assuming that she purchases the property for $100,000, what is her annual rate of return from the rental profit or loss? (Round answer to 2 decimal places, e.g. 52.25.) Rate of return Ivanhoe Motors, Inc. stock was recently traded on a stock exchange as $114 bid. The spread price was $6. What was the ask price? O $108. $126. O $120. O $114