Author Question: The objectives of a zero balance account system for the firm include A) increase cash balances in ... (Read 59 times)

jon_i · **on:** Jul 10, 2018

The objectives of a zero balance account system for the firm include

A) increase cash balances in regional rather than national banks.
B) reduce disbursing float.
C) achieve better control over its cash payments.
D) All of the above are correct.

Question 2

Coors just paid out a dividend of 1.00 on its common stock, which is currently trading at 37.27.

If dividends are paid annually and are expected to grow in value by 1 per annum forever, then what return will a shareholder earn if the stock is purchased today?
A) 2.68
B) 2.71
C) 3.71
D) 5.03
E) 101.00