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  3. you invest $300,000 today at a rate of 3.8%. you t

You invest $300,000 today at a rate of 3.8%. You take $1,800 a month out...

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Finance

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You invest $300,000 today at a rate of 3.8%. You take $1,800 a month out of your account and spend it. How much will you have in your account in 6 years? $209,124 $290,698 $231,383 O $216,224 ABC Company has publicly traded $1,000 par value, 7% semiannual coupon bonds which mature in 18 years. These bonds have a current market price of $1015. The company also has preferred stock with a $75 par and 8% annual dividend. The market has priced the preferred stock at $104. ABC's common stock has a beta of 1.5. You estimate the risk-free rate to be 4% and the required return on the market to be 15%. The company's average tax rate is 30%. What is the cost of the company's preferred stock? 4.98% 6.61% O 5.77% 5.32% You put $1,400,000 in an account earning a 3.5% rate of return. You take $7,000 out of this account each month. How long will it take for this account to be completely depleted? 95.51 years 18.54 years 25.05 years 102.42 years

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