A dividend will be paid to shareholders on Friday, May 9. To receive this dividend you must purchase the stock no later than: Multiple Choice The record date. The with-dividend date. The payment date. The ex-dividend date. A revolving line of credit is: Multiple Choice a long-term, permanent source of funding. an agreement allowing the firm to borrow up to a specific total amount on demand from a bank. a secured loan to be amortized over three to five years. a one-time short-term, unsecured, amortized loan. Potential savings from a lock-box system will be reduced by: Multiple Choice local bank charges. an increase in interest rates. the additional mailing time required. o o the additional processing time required. Which one of the following changes to the terms of credit would increase the effective annual interest rate charged? Multiple Choice Extending the discount period and payment period by 10 days each Decreasing the discount period only Increasing the cash discount percentage Extending the payment period only The principle of matched maturities in finance refers to: Multiple Choice O using as much short-term financing as possible due to the lower cost of interest. finding sources of funds with the longest maturity, in order to avoid liquidity crises. funding long-term assets with long-term sources and short-term assets with short-term financing. buying marketable securities when demand is high and borrowing short- term when demand is low