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3 pts Prior to TD 2004/22, Pinder Ltd announces an off-market buyback to its shareholders at $15 per share. Of the $15, $10 was a

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3 pts Prior to TD 2004/22, Pinder Ltd announces an off-market buyback to its shareholders at $15 per share. Of the $15, $10 was a fully franked dividend and the capital component was $5. The market price for Pinder Ltd is $20 per share. Susan owns one share in Pinder Ltd which she had bought 3 years ago at $10. Pinder Ltd's tax rate is 33% and Susan's personal tax rate is 36%. If Susan decides to participate in the buyback, what is her gain/loss relative to selling shares in the exchange at the market price of $20, based only on the information above? (round to the nearest two decimal places) O None of the other answers. O $-2.52 O $-2.75 0 $-2.99 O $-2.33 3 pts Susan owns all the debt and equity that is issued by Pinder Ltd. Pinder Ltd has an EBIT of $487,151. Of that EBIT, Pinder Ltd pays interest expenses of $192,964 and distributes all net income as dividends. The corporate tax rate is 34%, and Susan's personal income tax rate is 41%, applicable to both dividend and interest income. Susan currently lives under the classical tax system. Based only on the information above, how much more after-tax income would Susan have earned from interest and dividends under an imputation tax system? (round to the nearest two decimal places) O $60,014.32 O $59,013.91 O $58,513.44 O $59,514.25 O None of the other answers. 3 pts Prior to TD 2004/22, Pinder Ltd announces an off-market buyback to its shareholders at $15 per share. Of the $15, $10 was a fully franked dividend and the capital component was $5. The market price for Pinder Ltd is $20 per share. Susan owns one share in Pinder Ltd which she had bought 3 years ago at $10. Pinder Ltd's tax rate is 33% and Susan's personal tax rate is 36%. If Susan decides to participate in the buyback, what is her gain/loss relative to selling shares in the exchange at the market price of $20, based only on the information above? (round to the nearest two decimal places) O None of the other answers. O $-2.52 O $-2.75 0 $-2.99 O $-2.33 3 pts Susan owns all the debt and equity that is issued by Pinder Ltd. Pinder Ltd has an EBIT of $487,151. Of that EBIT, Pinder Ltd pays interest expenses of $192,964 and distributes all net income as dividends. The corporate tax rate is 34%, and Susan's personal income tax rate is 41%, applicable to both dividend and interest income. Susan currently lives under the classical tax system. Based only on the information above, how much more after-tax income would Susan have earned from interest and dividends under an imputation tax system? (round to the nearest two decimal places) O $60,014.32 O $59,013.91 O $58,513.44 O $59,514.25 O None of the other answers

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