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A listed stock ABC closed at $20 on the business day prior to the ex-dividend date. If the company previously announced a 55 cent dividend,

A listed stock ABC closed at $20 on the business day prior to the ex-dividend date. If the company previously announced a 55 cent dividend, at what price will the stock open the next day?

19.25
19.45
19.50
19.63
19.63

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