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Question 34 - Fin_917-5--47802.1.0 Sun Energy Corp (SE) will pay a dividend of 9. Just before the stock goes ex-dividend, SE's stock is trading for

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Question 34 - Fin_917-5--47802.1.0 Sun Energy Corp (SE) will pay a dividend of 9. Just before the stock goes ex-dividend, SE's stock is trading for 40. The capital gains tax rate is 25% and the dividend tax rate is 50%. An arbitrageur considers to buy SE stock just before it goes ex-dividend and sell the stock just after. This arbitrageur will make a profit of E0 (zero) when the ex-dividend price of SE's stock is equal to: A E22.00 B E26.50 34.00 D E35.50

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