QUESTION 22 Barenbaum Industries projects that cash outlays of $20 million will occur uniformly throughout the year. Barenbaum plans to meet its cash requirements by periodically selling marketable securities from its portfolio. The firm's marketable securities are invested to earn 12%, and the cost per transaction of converting securities to cash is $27. What will be Barenbaum's total annual cost of maintaining cash balances if the company maintained an average cash balance of so? (HINT: Use 365 for transfers per year, even though 360 was used in class for this part). $9,720 $9,855 $5.400 $5,479 $10.454 QUESTION 23 Which of the following is NOT true for stand-alone risk? ole is defined as the part of the security's risk that cannot be eliminated by diversification All of these choices are correct. Investors can eliminate about half the risk of owning a single stock by forming diversified portfolios. Nope of these choices is correct. It is equal to market risk plus firm-specific risk