Question 9 & 10

d. $2,027.94 3 Question 9 (Mandatory) (5 points) Why should financial managers strive to Inaximize the current value per share of the existing stock? (4 points) a. Doing so increases employee salaries. b. Because they have been hired to represent the interests of current shareholders c. Because this will increase the current dividends per share. d. Because managers often receive shares of stock as part of their compensation. Question 10 (Mandatory) (8 points) The New Bank of York offers interest on a CD at the rate of 11.35% compounded weekly. If there are 52 weeks in a year, the EAR earned on this CD is: ( 7 points) a. 136.20% b. 11.96 c. 12.00 d. 11.75 Question 11 Mandatory (7 points)