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Gatto, incorporated, has declared a $ 5 . 4 0 per share dividend. Suppose capital gains are not tawed, but dividends are taxed at 2

Gatto, incorporated, has declared a $5.40 per share dividend. Suppose capital gains are not tawed, but dividends are taxed at 20 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The company's stock sells for $94.00 per share, and the stock is about to go ex-dividend. What do you think the ex-dividend price will be?(Do not round intermediate colculations and round your answer to 2 decimal ploces, e.g.,32.16.)
Ex-diviend price
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