Question
Pinder Ltd is currently trading at $15 per share and is planning on a dividend of $2 per share. The capital gains tax and dividend
Pinder Ltd is currently trading at $15 per share and is planning on a dividend of $2 per share. The capital gains tax and dividend income tax for Pinder Ltd's shareholders are 10% and 20% respectively. Based only on the information above, what is the expected share price of Pinder Ltd on the ex-dividend date? (Show all your work)
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
