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Pandosy Inc. has declared a 4.80 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 15 percent. Pandosy sells for

Pandosy Inc. has declared a 4.80 per share dividend.

Suppose capital gains are not taxed, but dividends are taxed at 15 percent. Pandosy sells for 68.20 per share, and the stock is about to go ex dividend. What do you think the exdividend price will be?

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