Question
Suppose that Alpha pays $1 fully franked dividend and the associated franking credit is valued by the market at 0.23. As an Australian investor, if
Suppose that Alpha pays $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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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
