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Suppose that Alpha pays $5 fully franked dividend and the associated franking credit is valued by the market at 0.44. As an Australian investor, if

Suppose that Alpha pays $5 fully franked dividend and the associated franking credit is valued by the market at 0.44. 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 $____. (Only input numbers as your answer, i.e. no dollar sign. Round your answer to two decimal places.)

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