(a) New Zealand Properties Fund (NZPF) is currently trading for $25 per share and is about to pay a regular cash dividend of $1 per share. This per-share cash dividend comes with $0.10 imputation credit. Assume that all shareholders can use the imputation credit and the average tax rate of all shareholders is 17.5%. There is no other news arriving between now and when the share goes ex-dividend. NZPF's share price just after it goes ex-dividend will be

Assume OzCpy is an Australian firm whose shares trade on the ASX. The firm earn part of its domestically income in Australia and and part of its income overseas, where it is required to pay tax to the foreign governments where it operates. Currently, the Australian corporate tax rate is 30% and the Medicare levy is 2%. OzCpy provides dividend imputation to Australian-resident shareholders from its Australian tax paid.Assume that OzCpy pays a 88% partly-franked dividend of $13.4 thousand to an Australian shareholder who has a marginal tax rate of 45% and who is exempt from paying the Medicare levy.  Compute the income tax payable by this investor on the partly-franked dividend.

You are a shareholder of ABC Corporation. The corporation paid a $0.7 fully-franked annual cash dividend per share. The corporate tax rate is 34%, and the personal tax rate on (both dividend and non-dividend) income is 41%. How much is the franking credit (per share) an investor would get under the imputation tax system? (Round your answer in dollars to 2 decimal places, e.g. put 1204.42 if your answer is 1204.4243.)

Nu-Tings, a start-up company, will pay no dividends on its stock for the first 4 years.It will then pay a £0.45 per share dividend, which is expected to grow by 7% per year thereafter.If the required rate of return on the stock is 25%, what is the current value of one hundred shares of Nu-Tings?

Required informationExercise 11-10 (Static) Small stock dividend LO P2Skip to question[The following information applies to the questions displayed below.]The stockholders’ equity section of TVX Company on February 4 follows.Common stock—$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding $ 600,000Paid-in capital in excess of par value, common stock 425,000Retained earnings 550,000Total stockholders’ equity $ 1,575,000On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock’s market value is $40 per share on February 5 before the stock dividend.Exercise 11-10 (Static) Part 22. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)

Required informationExercise 11-10 (Static) Small stock dividend LO P2Skip to question[The following information applies to the questions displayed below.]The stockholders’ equity section of TVX Company on February 4 follows.Common stock—$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding $ 600,000Paid-in capital in excess of par value, common stock 425,000Retained earnings 550,000Total stockholders’ equity $ 1,575,000On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock’s market value is $40 per share on February 5 before the stock dividend.Exercise 11-10 (Static) Part 11. Prepare entries to record both the dividend declaration and its distribution.