Author Question: Total float consists of each of the following elements EXCEPT A) processing float. B) audit ... (Read 69 times)

WhattoUnderstand · **on:** Jul 10, 2018

Total float consists of each of the following elements EXCEPT

A) processing float. B) audit float.
C) transit float. D) mail float.

Question 2

Tootsie Roll Inc pays annual dividends that are expected to grow in perpetuity at the rate of 2 per annum. The next dividend is expected to be 1.50 and it will be paid in one year. The price of Tootsie Roll shares is currently 21.43.

If you pay that price and hold Tootsie Roll shares, then what return do you expect to earn?
A) 9
B) 8
C) 7
D) 10
E) 11