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A company has declared a dividend of $6.55 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 $6.55 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 $101.55 per share. What will the ex-dividend price be? Multiple Choice $101.55 $100.57 $95.98 $95.00

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