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Eric Nadel owns 200 shares of Ranger, Inc. The company's board of directors recently declared a cash dividend of 51 88 a share payable April

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Eric Nadel owns 200 shares of Ranger, Inc. The company's board of directors recently declared a cash dividend of 51 88 a share payable April 15 (a Wednesday) to shareholders of record on March 19 (a Thursday) a. How much in dividends, Wany, will Eric receive if he sells his stock on March 187 b. Assume Eric decides to hold on to the stock rather than sell it. If he belongs to the company's dividend reinvestment plan, how many new shares of stock will he teceive if the stock is currently trading at $41.60 and the plan offers a 4.1% discount on the share price of the stock? (Assume that all of Eric's dividends are diverted to the plan) Will Wilfred have to pay any taxes on these dividends, given that he is taking them in stock rather than cash? a. The amount in dividends, if any, Eric will receive it he sells his stock on March 18 is $(Round to the nearest dollar) b. It he belongs to the company's dividend reinvestment plan and the stock is currently trading at $4160 and the plan offers a 41% discount on the share price of the stock, the number of new shares he will receive is (Round to three decimal places) Wim Eric have to pay any taxes on these dividends, given that he is taking them in stock rather than cash? (Select the best answer below.) OA Eric will not have to pay taxes since the dividend is treated as a stock dividend. Unlike cash dividends reinvestment dividends are not taxed until you actually sell the stock O B. Ele will have to pay taxes, since the dividend is treated as a cash dividend the dividends are taxed at a low preferential rate of 15% or less OC. Eric will have to pay taxes since it is not treated as a cash dividend the dividends are taxed at a higher less preferential rate of 25% or more OD Eric will have to pay taxes, since the dividend is treated as a cash dividend The dhidends are taxed at a higher less preferential rate of 25% or more ws

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