• Your portfolio is 200 shares of Callahan, Inc. The stock currently sells for $90 per share. The company has announced a dividend of $2.10 per share with an ex-dividend date of April 19.Assuming no taxes, how much will your stock be worth on April 19?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

• Trapper Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 170,000 shares of stock outstanding. Under Plan II, there would be 120,000 shares of stock outstanding and $2.21 million in debt outstanding. The interest rate on the debt is 7 percent and there are no taxes.

Use M&M Proposition I to find the price per share.(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

What is the value of the firm under each of the two proposed plans?(Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)