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A stock trades at $78.23 cum-dividend and $76.92 ex-dividend. If the marginal tax rate on dividend income is 39% and the marginal capital gains tax

A stock trades at $78.23 cum-dividend and $76.92 ex-dividend. If the marginal tax rate on dividend income is 39% and the marginal capital gains tax rate is 15%, calculate the value of the dividend payment. Express your answer in dollars and cents.

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