1. BH Mining declared a 100 percent partly franked dividend of $0.60 per share. The company pays a corporate tax rate of 30 percent. If a shareholder holds 100 shares of BH Mining and the shareholder's marginal tax rate is 37 percent, the tax payable by the shareholder is $__________
2. A company recently announced renounceable offers that give eligible shareholders the right to purchase the shares of the company at an issue price of $9 per share for every 4 shares they hold. If the cum-right shares are priced at $11, the value of right is $____________ (two decimal places)
3. The price of a share with a constant dividend of $3.38, if the growth rate is zero and the required rate of return is 7.7 percent per annum is $______________(two decimal places)