You are considering purchasing a new car that will cost you $28,000. The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month). Assuming you finance the entire $28,000 and finance through the dealer, your monthly payments will be closest to:

Select one:

a.$467

b.$527

c.$478

d.$1,454

Clear my choice

Question38

The Sisyphean Company is currently trading for $30.00 per share. The company is expected to pay a $2.50 dividend at the end of the year and its cost of equity is 14%. If the dividend payout rate is expected to remain constant, then the expected growth rate in the Sisyphean Company's earnings is closest to:

Select one:

a.2.7%

b.5.7%

c.8.3%

d.14%

Clear my choice

Question39

What is the yield to maturity of a two-year, risk-free, zero-coupon bond with a $1,000 face value and a price of $925?

Select one:

a.1.968%

b.3.975%

c.8.108%

d.2.633%