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The common stock of White's Hardware closed at $36.80 a share today. Tomorrow morning, the stock goes ex-dividend. The dividend that is being paid this

The common stock of White's Hardware closed at $36.80 a share today. Tomorrow morning, the stock goes ex-dividend. The dividend that is being paid this quarter is $1.40 a share. The tax rate on dividends is 25 percent. All else equal, what should the opening stock price be tomorrow morning? $35.19 $35.40 $35.52 $35.75 $36.80

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