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RRM Incorporated has just declared a dividend of $10.25 per share. The tax rate of dividends is 20 percent. The tax rate of capital gains

RRM Incorporated has just declared a dividend of $10.25 per share. The tax rate of dividends is 20 percent. The tax rate of capital gains is zero. The tax law require the taxes to be withheld when the dividend is paid.RPM currently sells for $107 per share and the stock is about to go ex-dividend. What do you calculate the ex-dividend price will be?

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