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Petroxy Company has forecasted a net income of $ 5 , 7 0 0 , 0 0 0 for this year. Its common stock currently

Petroxy Company has forecasted a net income of $5,700,000 for this year. Its common stock currently trades at $22 per share, and the company currently has 720,000 shares of common stock outstanding. It has sufficient funds available to pay a cash dividend, but many of its investors don't like the additional tax liability to which the dividend income subjects them.

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