On February 17, the board of directors of Exertainment Corp. declared a dividend of ($1.25) per share
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On February 17, the board of directors of Exertainment Corp. declared a dividend of \($1.25\) per share payable on March 18 to all holders of record on March 1. All investors are in the 31-percent tax bracket.
a. What is the ex-dividend date?
b. Ignoring personal taxes, how much should the stock price drop on the ex-dividend date?
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