18) Which one of the following dates is used to determine the names of shareholders who will receive a dividend payment? A) Declaration date B) Ex-dividend date C) Date of payment D) Ex-rights date E) Date of record e total amount borrowed, which will be held in 19) Juno Industrial Supply has a line of credit of $150,000 with an interest rate of 7.5 percent. The loan agreement requires a compensating balance of 2.5 percent of the total amount barowed whink an interest-free account. What is the effective interest rate if the firm borrows $115,000 for one ve A) 7.38 percent B) 7.69 percent C) 7.53 percent D) 8.42 percent E) 8.01 percent 000 shares of stock outstanding at a market price of $50 a share. The 20) Naylor's is an all-equity firm with 60,000 shares of stock outstanding at a market company has earings before interest and taxes of S102,000. Naylor's has decided to issue 5s 7.5 percent and use the proceeds to repurchase shares. Currently, you own 500 shares of Naylor many shares of this stock will you continue to own if you unlever this position? Assume at 7.5 percent interest. Ignore taxes. A) 350.0 shares B) 322.2 shares C) 362.5 shares to issue $825.000 of debt at shares of Naylor's stock. How can loan out funds