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A company is based in a country where the shareholder tax rate on dividends received is lower than the capital gains tax rate for shareholders.

A company is based in a country where the shareholder tax rate on dividends received is lower than the capital gains tax rate for shareholders. When a company shares go ex‐dividend, the share price should most likely decline by an amount that is: 


less than the dividend amount. 


greater than the dividend amount. 


equal to the dividend amount.


none of these

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