Agilex Bio Imports will pay an annual dividend of $2 5 per share and an extra dividend of $0 35 per share at the end of this month The companys stock is currently listed and actively traded on ASX Medi Equipment Ltd is a subsidiary of Agilex Bio Imports It has 275,000 outstanding common shares, a P E ratio of 7 5 and $485,000 net income available for common shareholders The board of directors has just voted a 32 share split You currently own 1,000 shares of this company Required If tomorrow is the record date of cash dividend payment by Agilex Bio Imports, when is the ex dividend date for this share, given the standard process of settlement in ASX is T 2 Calculate the ex dividend price if the corporations closing price the day before the ex dividend date was $49 3, assuming the dividend flat tax rate is 20 (2 marks) Agilex Bio Imports needs to pay Euro 875,000 to a partner in Europe If the direct quote of Euro in Sydney is 1 575, how much in AUD should the corporation record in their accounting book for this transaction (1 mark)

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Posted on Oct 05, 2024

Agilex Bio-Imports will pay an annual dividend of $2.5 per share and an extra dividend of $0.35 per share at the end of this month.

Agilex Bio-Imports will pay an annual dividend of $2.5 per share and an extra dividend of $0.35 per share at the end of this month. The companys stock is currently listed and actively traded on ASX.

Medi Equipment. Ltd is a subsidiary of Agilex Bio-Imports. It has 275,000 outstanding common shares, a P/E ratio of 7.5 and $485,000 net income available for common shareholders. The board of directors has just voted a 32 share split. You currently own 1,000 shares of this company.

Required:

If tomorrow is the record date of cash dividend payment by Agilex Bio-Imports, when is the ex-dividend date for this share, given the standard process of settlement in ASX is T+2? Calculate the ex-dividend price if the corporations closing price the day before the ex-dividend date was $49.3, assuming the dividend flat tax rate is 20%. (2 marks)
Agilex Bio-Imports needs to pay Euro 875,000 to a partner in Europe. If the direct quote of Euro in Sydney is 1.575, how much in AUD should the corporation record in their accounting book for this transaction? (1 mark)