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Assume the stockholders of Cyrix stock are in the 30 percent tax bracket. The closing price of the stock today was $52.00 a share. The

Assume the stockholders of Cyrix stock are in the 30 percent tax bracket. The closing price of the stock today was $52.00 a share. The firm pays a quarterly dividend of $1.96 per share. What is the expected opening price of the stock tomorrow if tomorrow is an ex-dividend date?

$50.69

$50.63

$50.57

$50.51

$50.45

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