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The Sports Store is preparing to pay its quarterly dividend of $1.47 a share. The stock closed at $62.80 a share today and goes ex-dividend

The Sports Store is preparing to pay its quarterly dividend of $1.47 a share. The stock closed at $62.80 a share today and goes ex-dividend tomorrow. What will the ex-dividend stock price be if the relevant tax rate is 15 percent and all else is held constant?

$62.28

$62.20

$61.55

$61.33

$61.28

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