The stock of Red's Hardware closed at $56.60 per share today. Tomorrow morning, the stock goes ex dividend paying a dividend of $1.60 per share. The tax rate on dividends is 15 percent. All else the same, what price will the stock open at tomorrow morning?

Jersey Medical earns $9.00 a share, sells for $100, and pays a $7 per share dividend. The stock is split two for one and a $3.5 per share cash dividend is declared. What will be the new price of the stock? Round your answer to the nearest dollar. $   If the firm's total earnings do not change, what is the payout ratio before and after the stock split? Round your answers to one decimal place. Payout ratio before the split:   % Payout ratio after the split:   %

Mullen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $2.10 per share. If the required return on this preferred stock is 6.5%, at what price should the stock sell? Your answer should be between 18.12 and 72.80, rounded to 2 decimal places, with no special characters.

You buy 100 shares of stock at a price of $51.37, using 30% initial margin. Some time later, the stock is trading at $49.07, and you sell it and repay the loan. What is your return on this position? Assume no dividends were paid and no interest was accrued on the broker's loan. Enter answer in percents, to two decimal places.

New Gadgets, Incorporated, currently pays no dividend but is expected to pay its first annual dividend of $4.90 per share exactly 7 years from today. After that, the dividends are expected to grow at 3.5 percent forever. If the required return is 11.3 percent, what is the price of the stock today?

Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $90.50, but flotation costs will be 7% of the market price, so the net price will be $84.17 per share. What is the cost of the preferred stock, including flotation? Round your answer to two decimal places. %

Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $95.00, but flotation costs will be 10% of the market price, so the net price will be $85.50 per share. What is the cost of the preferred stock, including flotation? Round your answer to two decimal places.   %

You bought a stock one year ago for $48.47 per share and sold it today for $57.18 per share. It paid a $1.46 per share dividend today. What was your realized return? The realized return was %. (Round to one decimal place.)

You bought a stock one year ago for $49.54 per share and sold it today for $59.36 per share. It paid a $1.29 per share dividend today. What was your realized return? The realized return was %. (Round to one decimal place.)

Jersey Medical earns $10.00 a share, sells for $80, and pays a $6 per share dividend. The stock is split two for one and a $3 per share cash dividend is declared. What will be the new price of the stock? Round your answer to the nearest dollar. $   If the firm's total earnings do not change, what is the payout ratio before and after the stock split? Round your answers to one decimal place. Payout ratio before the split:   % Payout ratio after the split:   %