Question 5 (1 point) Problem 14 on page 604 of the textbook shows one model that incorporates tax effects into determining the ex-dividend price. Use that model for this problem. A company's stock is selling for $80 per share just before the stock goes ex-dividend and the company will pay a cash dividend of $4 per share. Suppose all investors have a marginal tax rate on dividends of 23 percent and a marginal tax rates on capital gains of 13 percent, what is this model's prediction for the ex-dividend share price? Enter your answer in the box shown below with 2 digits to the right of the decimal point. Your Answer: Answer Question 6 (1 point) An investor owns 1,000 shares of stock in a company. The company will pay a $4.50 per share dividend in one year. In two years, the company will pay a liquidating dividend of $60 per share. The required return on the company's stock is 13 percent. Ignore taxes and market imperfections. The investor would rather have equal dividends in each of the next two years. The investor can accomplish this by creating homemade dividends by selling shares of stock in one year. How many shares of stock should be sold in one year to create equal dividends in each of the next two years? Enter your answer in the box shown below with 2 digits to the right of the decimal point