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The ex-dividend date: ABC Co. has announced it will pay its regular cash dividend of $0.45 per share. If dividends are taxed at 15 percent,
The ex-dividend date: ABC Co. has announced it will pay its regular cash dividend of $0.45 per share. If dividends are taxed at 15 percent, about how much do you expect the price of ABC to drop on the ex-dividend day?
Answer is $0.38
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