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A company has declared a dividend of $6.15 per share on its stock. Capital gains are not taxed. Suppose the IRS has issued a new

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A company has declared a dividend of $6.15 per share on its stock. Capital gains are not taxed. Suppose the IRS has issued a new regulation that requires taxes of 15 percent be withheld at the time the dividend is paid. The stock currently sells for $92.35 per share. What will the ex-dividend price be? 92.5287.12102.30105.25

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