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A stock worth $50 before going ex-dividend, drops to $45 after going ex-dividend. The amount of the dividend paid per share is $5. Does this

A stock worth $50 before going ex-dividend, drops to $45 after going ex-dividend. The amount of the dividend paid per share is $5. Does this necessarily imply that taxes are absent? If not, what does this imply exactly?(please give a detailed answer and explain how you got to the result)

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