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Score: 0 of 1 pt 4 of 26 2 complete HW Score: 7.69%, 2 of 26 pts P6.11 (similar to) Question Help Eric Nadel owns

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Score: 0 of 1 pt 4 of 26 2 complete HW Score: 7.69%, 2 of 26 pts P6.11 (similar to) Question Help Eric Nadel owns 400 shares of Ranger, Inc. The company's board of directors recently declared a cash dividend of $1.92 a share payable April 17 (a Wednesday, to a. How much in dividends, if any, will Erio receive the sells his stock on March 197 b. Assume Eric decides to hold on to the stock rather than solit. If he belongs to the company's dividend reinvestment plan, how many new shares of stock will he receive if the stock is currently trading at $44.30 and the plan offers a 3.6% discount on the share price of the stock? (Assume that all of Eric's dividends are diverted to the plan.) Will Wilfred have to pay any taxes on these dividends, given that he is taking them in stock rather than cash

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