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A company has declared a dividend of $6.05 per share on its stock. Capital gains are not taxed. Suppose the IRS has issued a new

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A company has declared a dividend of $6.05 per share on its stock. Capital gains are not taxed. Suppose the IRS has issued a new regulation that requires taxes of 25 percent be withheld at the time the dividend is paid. The stock currently sells for $90.05 per share. What will the ex-dividend price b Multiple Choice $88.54 $84.00 $85.51 I $90.05 $87.03

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