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Optus Inc's shares are currently trading at $29.75 per share on the cum-dividend day. Optus is going to issue a dividend of $2 per share.

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Optus Inc's shares are currently trading at $29.75 per share on the cum-dividend day. Optus is going to issue a dividend of $2 per share. If the personal (dividend) tax rate is 30% and the capital gains tax rate is 50% of the personal tax rate, what should be the price of Optus' shares on the ex-dividend date, all else being equal? (Round to the nearest 2 digits) $27.60 None of the other answers is correct. $28.10 $28.45 $28.97

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