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Suppose that Alpha pays a $1 fully franked dividend and the associated franking credit is valued by the market at 0.23. As an Australian investor,

Suppose that Alpha pays a $1 fully franked dividend and the associated franking credit is valued by the market at 0.23. As an Australian investor, if you are selling your shares at the ex-dividend price and the corporate tax rate is 30%, the amount of share price fall on the ex-dividend day is $____.

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