What would be the cost of retained earnings equity for Tangshan Mining if the expected return on U. S. Treasury Bills is 5.00%, the market risk premium is 10.00 percent, and the firm's beta is 1.3? A) 18.0%
B) 11.5%
C) 10.0%
D) none of the above

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.