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A company has declared a dividend of $7.35 per share on its stock. Capital gains are not toxed. Suppose the IRS has issued a new'regulation

A company has declared a dividend of $7.35 per share on its stock. Capital gains are not toxed. 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 selis for $119.95 per share. What will the ex-dividend price bo

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