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If Hershey pays a dividend of $0.81 per share, by how much would you expect Hersheys stock price to drop on the ex dividend date?
If Hershey pays a dividend of $0.81 per share, by how much would you expect Hersheys stock price to drop on the ex dividend date? Assume Hersheys shareholders have an ordinary income tax rate of 40% and a capital gains tax rate of 15%. Record the absolute value of the drop and round your answer to two decimal places (e.g., 0.11). Do not input a dollar symbol.
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