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Fin 3400 chapter 17 I need the work out solution for... Please You own 10,000 shares of Mars Co. which is currently trading for $11.50

Fin 3400 chapter 17

I need the work out solution for... Please

You own 10,000 shares of Mars Co. which is currently trading for $11.50 per share. The company has announces that it will soon pay a special dividend of $1.50 per share. Tomorrow is the ex-dividend day. Ignoring taxes, what do you expect your block of shares will be worth tomorrow?

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