11 Cumulative preferred stocks are preferred stocks for which all passed (unpaid) dividends in arrears must be paid prior to the payment of dividends to common stockholders * (1 Point) True False 12 Find the Average Payment Period if the Accounts Payable=$700,000 and the annual purchases =$3,000,000 (1 Point) o 23 days 85.17 days 4.29 days None of the above 13 This market allows corporations to sell blocks of shares to investors in a number of different countries simultaneously: (1 Point) 14 It is a market that enables suppliers and demanders of long-term funds to make transactions: * (1 Point) The capital markets Eurocurrency market money market marketable securities 15 DEF earning $2 per share and it should pay a $1 dividend. The P/E multiple is 15 times on average. What price would you expect for DEF's stock in the future? (1 Point) $13.50 $15.00 $26.50 $30.00 16 Primarily prepares the firm's financial plans and budgets. Other duties include financial forecasting, performing financial comparisons, and working closely with accounting, this description feet with? * (1 Point) Financial analyst Cash manager Pension fund manager Project finance manager 17 Asset P has a beta of 0.9. The risk-free rate of return is 8 percent, while the return on the market portfolio of assets is 14 percent. The asset's required rate of return is (1 Point) 13.4% 6% 5% 10%