1/ Kuhns Corp. has 190,000 shares of preferred stock outstanding that is cumulative. The dividend is $7.10 per share and has not been paid for 3 years. If Kuhns earned $2.00 million this year, what could be the maximum payment to the preferred stockholders on a per share basis? (Round your answer to 2 decimal places.)

$12.03 per share

$10.53 per share

$9.43 per share

$12.78 per share

2/ Eight rights are necessary to purchase one share of Fogel stock at $43. A right sells for a $7. The ex-rights value of Fogel stock is

$99

$107

$104

$95

3/ Tricki Corp stock sells for $100 rights-on, and the subscription price is $90. Ten rights are required to purchase one share. Tomorrow the stock of Tricki will go ex-rights. What is the price of Tricki expected to be when it begins trading ex-rights? (Round your answer to 2 decimal places.)

$98.09

$101.09

$102.09

$99.09