Mr Hammond is 45 years of age and has a life expectancy of 10 more years. He wishes to invest $20,000 in an annuity that will make a level payment at the end of each year until his death. If the...

Mr Hammond is 45 years of age and has a life expectancy of 10 more years. He
wishes to invest $20,000 in an annuity that will make a level payment at the end of
each year until his death. If the interest rate is 8%, what income can Mr Hammond
expect to receive each year? ,
AP (7 Marks)
b) Guinness Ghana Breweries Limited is a large corporation operating in Ghana. As part
of the structure of the organization, it is realized that ownership and management are
separated. Assess the main implications of this separation.
EV (10 marks)
c) Examine with practical illustration why you would expect the managers to act in
shareholders’ interests.
AN (8 marks