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(Loan amortization) Mr. Bill S. Preston, Esq., purchased a new house for $200,000. He paid...

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(Loan amortization) Mr. Bill S. Preston, Esq., purchased a new house for $200,000. He paid $20,000 down and agreed to pay the rest over the next 10 years in 10 equal end-of-year payments plus 7 percent compound interest on the unpaid balance. What will these equal payments be? The equal payments will be $ . (Round to the nearest cent.) (Common stockholder expected return) The market price for Earnest Corporation common stock is $37 per share. The price at the end of 1 year is expected to be $42, and dividends for next year should be $2.50. What is the expected rate of return? The expected rate of return is %. (Round to two decimal places.)

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