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50. A company has declared a dividend of $6.75 per share on its stock. Capital gains are not taxed. Suppose the IRS has issued a
50. A company has declared a dividend of $6.75 per share on its stock. Capital gains are not taxed. Suppose the IRS has issued a new regulation that requires taxes of 25 percent be withheld at the time the dividend is paid. The stock currently sells for $106.15 per share. What will the ex-dividend price be?
- 101.09
-102.78
-106.15
-104.46
-99.40
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