1. A FRM loan with the following terms is being made: fixed rate, constant payment, 10% interest rate, 80000 desired mortgage amount, 2000 prepaid finance charge, 30 years term, monthly payments. What is the APR for the federal truth in lending purpose?
2. Alpha and the CAPM A stock with a beta of 0.83 has an expected return of 13% and an alpha of 1.01% when the market expected return is 14%. What must be the risk free rate that satisfies these conditions?
3. Project L costs $45,000, its expected cash inflows are $15,000 per year for 8 years, and its WACC is 9%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.