1. Caterpillar is nearing its regular quarterly dividend of $1.03 per share. The ex-dividend date is tomorrow. Today's share price is $112. The tax rate on dividends is 15% and the tax rate on capital gains is 20%. What should the firm's share price be on the ex-dividend date assuming no other information is released? (a) (b) (c) (d) $113.03 $110.91 $110.97 $112.00