9 River Edge Inc. considers paying a regular cash dividend of $5 per share. The dividend was declared on December 14, 2019, and the ex-date will be on December 22, 2019. The stock price was traded one day prior to the ex-date (at the close) at $60 per share. According to Wall Street's estimates, 40% River Edge's investors are tax-exempt institutions, and 60% are taxable investors. Taxable investors are wealthy investors who are subject to 24% (it is consisting of a 20% tax on qualified dividends plus 4% to fund the Affordable Care Act, also known as The Obama Care Law) tax on dividend income. What will be the River Edge stock's ex-price? Multiple Choice $60 U $55.28 $55 $55.72