1. Assume the stockholders of Apria Company stock are in the 21 percent tax bracket. The closing price of the stock today was $55.60 a share. The firm pays a quarterly dividend of $2.70 per share. What is the expected opening price of the stock tomorrow if tomorrow is an ex-dividend date? $53.68 $53.61 $53.40 $53.33 $53.47

2. Andrei D. won a prize of US$10,000 and decided to go on vacation abroad. He spent SGD5,700 in Singapore and JPY260,000 in Japan. The exchange rates were SGD1 = US$0.74 and US$1 = JPY106.28. When he returned to the US, he converted the remaining money into Guatemalan Quetzal (GTQ) at the exchange rate US$1 = GTQ7.70 and donated the money to a Guatemalan non-profit organization. How much, in GTQ, did he donate to the non-profit organization? 27,857.87 27,133.37 26,408.87 25,684.37 24,959.87