Question
Lee Ann, Inc., has declared a $6.00 per share dividend. Suppose Capital gains are not taxed, but dividends are taxed at 15 percent. Lee Ann
Lee Ann, Inc., has declared a $6.00 per share dividend. Suppose Capital gains are not taxed, but dividends are taxed at 15 percent. Lee Ann sells for $80 per share, and the stock is about to go exdividend. What do you think the ex-dividend price will be?
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
