1. The current market price of a stock is $3.04. The rights issue is one-for-ten, priced at $2.9. The theoretical ex-rights price is $ ______________(two decimal places)
2. 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 $__________
3. 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)
4. 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)
5. Company shares are priced at $14.37. The company announces a share split of 4for 1. The new share price should be$______________(twodecimal places)
6. If a share currently sells for $34 and has annual earnings per share of 2.55, the price/earnings ratio is:(round your answer to one decimal place)
7. A company declares a dividend of 18 cents per share, with an ex-dividend date of 14 September. Immediately prior to the declaration of the dividend, the share price was $4.79. At the close of trading on the stock exchange on 13 September, the share price was $5.73. The theoretical ex-dividend price of the share is $__________ (two decimal places)
8. The price of a share if it paid $2.68in dividends in the last financial year, its dividend growth rate is 3.9 percent, and the required rate of return is 10.6per cent should be $___________(two decimal places)
9. An investor holds 300 shares of a company that is about to make a bonus issue of five shares for every two held. If the shares are currently trading for $4.2, the value of the holding after the bonus issue will be $_____________(two decimal places)