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Top O the Morning Inc., has declared a $ 3 per - share dividend. Suppose capital gains are not taxed, but dividends are taxed at
Top O the Morning Inc., has declared a $ pershare dividend. Suppose capital gains are not taxed, but dividends are taxed at New IRS regulations require that taxes be withheld at the time the dividend is paid. Top O the Morning sells for $ per share, and the stock is about to go exdividend.
What will be the exdividend price? Round answer to decimal places. Do not round intermediate calculations
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