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4. Jorge Gareia lne, has declared a $13.75 per-share dividend. Suppose capital gains are not taxed, bul dividends are taxed at is percent. New IRS

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4. Jorge Gareia lne, has declared a $13.75 per-share dividend. Suppose capital gains are not taxed, bul dividends are taxed at is percent. New IRS regulations require that taxes be withheld when dividend is paid. The company's stock sells for \$95 per share and is about to go ex-dividend. There are 125,000 shares of stock outstanding. A) Calculate the after-tax dividend amount of the firm. B) Calculate the ex-dividend stoek price of the firm

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