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A company declares a cash dividend of $1.25. The marginal tax rate of the marginal investor in the stock is 15%. If the stock price

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A company declares a cash dividend of $1.25. The marginal tax rate of the marginal investor in the stock is 15%. If the stock price is $51.39 just prior to the ex dividend day and no new information affects the stock on the ex dividend day, what will be the stock price? Select one: a. $50.33 b. $52.64 c. $50.14 d. $52.45 e. $51.39

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