Question
The common stock of Beasley International goes ex-dividend tomorrow. The stock closed at a price of $28.06 a share today. This quarter, the company is
The common stock of Beasley International goes ex-dividend tomorrow. The stock closed at a price of $28.06 a share today. This quarter, the company is paying a cash dividend of $.17 a share and a liquidating dividend of $.23 a share. Assuming the tax rate on dividends is 20 percent, what will be the ex-dividend price tomorrow morning?
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ISE Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
18th International Edition
1265074658, 9781265074654
