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Assume the stockholders of Jupiter stock are in the 25 percent tax bracket. The closing price of the stock today was $54.70 a share. The

Assume the stockholders of Jupiter stock are in the 25 percent tax bracket. The closing price of the stock today was $54.70 a share. The firm pays a quarterly dividend of $1.40 per share. What is the expected opening price of the stock tomorrow if tomorrow is an ex-dividend date?

$54.73

$52.65

$50.41

$53.65

$51.65

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