18.14 Dividends and Taxes. Good Values, Inc., is all equity-financed. The total market value of the firm currently is $100000 and there are 2000 shares outstanding. a. The firm has declared a $5 per share dividend. The stock will go ex-dividend tomorrow. At what price will the stock sell today? Ignore taxes. (LO1). b. Now assume that the federal marginal tax rate is 26% and the provincial marginal tax rate is 13.39%, the federal dividend tax credt is 13.33% of the grossed -up dividend, and the provicial dividend tax credit is 5.1% of the grossed-up dividend. The applicable gross-up for dividend tax credits is 25%. What is the dividend tax rate? (LO5)