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. Mulligan Manufacturing (MM) stock is currently trading for $48 per share and is planning to pay a $4 special dividend. Suppose that capital gains

. Mulligan Manufacturing (MM) stock is currently trading for $48 per share and is planning to pay a $4 special dividend. Suppose that capital gains are taxed at a 20% and dividends are taxed at 35%. What is MMs expected ex-dividend stock price

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