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(Calculating the ex-dividend stock price) Dimmick Skate Boarding Enterprises has declared a $3.05 dividend for its common stock. On the day before the ex-dividend date,

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(Calculating the ex-dividend stock price) Dimmick Skate Boarding Enterprises has declared a $3.05 dividend for its common stock. On the day before the ex-dividend date, the firm's shares are trading for $40.92 a share. What do you expect the price of Dimmick's shares to be on the day following the ex-dividend dato? Why do you expect the stock price to change? a. The expected price of Dimmick's shares on the day following the ex-dividend date is $. (Round to the nearest cent.)

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