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Question 3. (pg. 352) Dribnor Ltd has announced a fully franked dividend of $1 per share. The company tax rate is 30 per cent. By

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Question 3. (pg. 352) Dribnor Ltd has announced a fully franked dividend of $1 per share. The company tax rate is 30 per cent. By how much should the share price fall on the ex- dividend date, a. if franking credits are fully valued? b. if franking credits are of no value

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