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Gatto, Incorporated, has declared a dividend of $ 7 . 6 0 per share. Suppose capital gains are not taxed, but dividends are taxed at
Gatto, Incorporated, has declared a dividend of $ per share. Suppose capital gains are not taxed, but dividends are taxed at
percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The company's stock sells for $ per
share, and the stock is about to go exdividend. What do you think the exdividend price will be
Note: Do not round intermediate calculations and round your answer to decimal places, eg
Exdividend price
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