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.)

$73.09 $74.09 $76.09 $77.09

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.)

14.46 16.56 15.61 12.96