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The stock of Red's Hardware closed at $56.10 per share today. Tomorrow morning, the stock goes ex-dividend paying a dividend of $1.50 per share. The

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The stock of Red's Hardware closed at $56.10 per share today. Tomorrow morning, the stock goes ex-dividend paying a dividend of $1.50 per share. The tax rate on dividends is 25 percent. All else the same, what price will the stock open at tomorrow morning? Multiple Choice $55.73 $55.35 $5610 $54.60 $54.98

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