LAST TWO DGTS MY STUDENT NUMBER : 38

1) (25 points) Consider an investor who only holds one share of XYZ stock, which is currently valued $10 per share. The stock will go ex-dividend tomorrow. Determine the dividend amount which would decrease the value of the investor's portfolio tomorrow by $0.xx, where xx is the last two digits of your student number. Dividends are subject to 20% tax rate. (Assume everything else is equal and ignore any possible value increasing effects of dividends.) Show your work