Dress Boutique has 8,350 shares of stock outstanding at a price per share of $19. What will be the price per share if the firm pays a $.75 per share dividend and the applicable tax rate is 25 percent? Ignore market imperfections.

$18.44

$18.68

$18.25

$18.36

$18.49

D99 96 Price Per Share 97 Price per share $19 98 Dividend per share $0.75 99 Tax 0.19$18.25 $ 18.44 100 Price per share after dividend Price per share before dividend - Dividend per share