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The stock of Monarch Co. is going ex-dividend today. The company just paid $1.75 dividend per share. There are 40,000 shares of stock outstanding. The

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The stock of Monarch Co. is going ex-dividend today. The company just paid $1.75 dividend per share. There are 40,000 shares of stock outstanding. The market value balance sheet for Monarch Co. is shown below. What is the stock price today (ex-dividend)? Ignore taxes. Multiple Choice $32.50. $34.25. $30.75

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