Money market instrument, Which of the following is NOT a

Money market instrument

Assignment Help Financial Management

Reference no: EM132008934

1. Which of the following is NOT a money market instrument?

Commercial paper

Treasury bills

Corporate bonds

Bankers' acceptances

2. Balloons Inc normally pays a quarterly dividend. The last such dividend paid was $1.55, all future quarterly dividends are expected to grow at 5 percent, and the firm faces a required rate of return on equity of 12 percent. If the firm just announced that the next dividend will be an extraordinary dividend of $2.75 per share that is not expected to affect any other future dividends, what should the stock price be?

A) $23.25

B) $13.75

C) $24.25

D) $22.92

Reference no: EM132008934

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