1. A corporation with common stock outstanding declares a non-taxable dividend payable in rights to subscribe to common stock on June 30 of the current year.2. Each right entitles the holder to purchase one share of stock for $90.3. One right is issued for every share of stock owned.4. Nexsen owns 100 shares of stock purchased ten years ago for $4,500.5. At the time of the distribution of the rights, the market value of the common stock is $135 per share, and the market value of the rights is $18 per right.6. Nexsen receives 100 rights.7. On September 30, he exercises 75 of the rights and sells the remaining 25 rights for $22 per right.(If required, round your answers to two decimal places.)If Nexsen does not allocate his original stock basis to the rights, his basis of the new stock is $ .The holding period of the new stock begins on the date . The sale of the rights produces capital gain of $

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business.the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

Sue now has $125. how much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? a. $205.83b. $216.67c. $228.07d. $240.08e. $252.08

Suppose you manage an upscale restaurant in new york city. would involve writing employee schedules and a list of things to do for the chef and other kitchen staff