Assuming a tax rate of 41%, the after-tax cost of a $191,000 dividend payment is

$78,310

$121,000

$211,000

$191,000

Gerry Co. has a gross profit of $840,000 and $380,000 in depreciation expense. Selling and administrative expense is $111,000. Given that the tax rate is 29 percent, compute the cash flow for Gerry Co.

$460,000

$627,790

$630,290

$110,971

Nine rights are necessary to purchase one share of Fogel stock at $49. A right sells for a $6. The ex-rights value of Fogel stock is

$108

$99

$111

$103

Tricki Corp stock sells for $75 rights-on, and the subscription price is $65. 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.)

$76.09

$77.09

$74.09

$73.09

Kuhns Corp. has 240,000 shares of preferred stock outstanding that is cumulative. The dividend is $7.50 per share and has not been paid for 3 years. If Kuhns earned $1.80 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.)

$9.75 per share

$9.00 per share

$7.50 per share

$6.40 per share

Buggy Whip Manufacturing Company is issuing preferred stock yielding 16%. Selten Corporation is considering buying the stock. Buggy's tax rate is 0% due to continuing heavy tax losses, and Selten's tax rate is 32%. What is the after-tax preferred yield for Selten? (Round your answer to 2 decimal places.)

16.56

14.46

12.96

15.61