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please answer the following The stock of Red's Hardware closed at $54.10 per share today. Tomorrow morning, the stock goes ex-dividend, paying a dividend of
please answer the following
The stock of Red's Hardware closed at $54.10 per share today. Tomorrow morning, the stock goes ex-dividend, paying a dividend of $1.10 per share. The tax rate on dividends is 20 percent. All else the same, what price will the stock open at tomorrow morning? Multiple Choice $53.55 $54.10 O $53.22Step by Step Solution
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