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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

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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 $70 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 24 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

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