1. Your portfolio is 100 shares of Sunny Morning, Inc. The stock currently sells for $77.58 per share. The company has announced a dividend of $2.34 per share with an ex-dividend date of April 19. Assuming no taxes and no news or other surprises, how much do you expect your portfolio (stock and cash) to be worth in total on April 19?
2. You have $49,762 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $7,274 and then deposit a check for $10,779. What is your net float?