Dividends and Taxes Lee Ann, Inc., has declared a $9.50 per-share dividend. Suppose capital gains are not
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Dividends and Taxes Lee Ann, Inc., has declared a $9.50 per-share dividend.
Suppose capital gains are not taxed, but dividends are taxed at 15 percent. New IRS regulations require that taxes be withheld when the dividend is paid. Lee Ann sells for $115 per share, and the stock is about to go exdividend. What do you think the ex-dividend price will be?
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Related Book For 
Corporate Finance With Connect Access Card
ISBN: 978-1259672484
10th Edition
Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe
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