E-eyes has a new issue of preferred stock it calls 20/20 preferred. the stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. if you require a return of 10.5 percent on this stock, how much should you pay today? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) current stock price

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.