Suppose that you want to make monthly withdrawals of $15,000 per month at the end of the month for 372 months, starting at the end of the month after you turn 70. How much more must be saved at the end of each of your 40 years of working to enable you to make monthly withdrawals of $15,000 per month instead of the number that you found in part c, assuming that your savings earns the same 5% annual compound interest rate

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.