Question
Top O the Morning Inc., has declared a $4 per-share dividend. Suppose capital gains are not taxed, but dividends are taxed at 18%. New IRS
Top O the Morning Inc., has declared a $4 per-share dividend. Suppose capital gains are not taxed, but dividends are taxed at 18%. New IRS regulations require that taxes be withheld at the time the dividend is paid. Top O the Morning sells for $65.32 per share, and the stock is about to go ex-dividend.
What will be the ex-dividend price? (Round answer to 2 decimal places)
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
10th Edition
1439898189, 978-1439898185
