Buffett, Inc., declared a dividend of $3.00 per share. Assume that capital gains are not taxed, but dividends are taxed at 15 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The company's stock sells for $95 per share, and the stock is about to go ex-dividend. What do you think the exdividend price will be? $92.45 $91.94 $97.55 $93.15 $98.45 uestion 14 (2.5 points) Which of the following best defines "financial leverage?" The proportion of a firm's costs that are fixed rather than variable. The degree to which a firm can increase operating income by increasing revenue. A firm's use of debt in its capital structure. The ability of a firm to pay its short-run financial obligations. The percent of net income paid out in dividends