You are working for Medical Equipment Exports Group. Your corporation is going to pay an annual dividend of $5 per share and an extra dividend of $1.5 per share in 4 weeks. The companys stock is currently listed and actively traded on the ASX.

Required:

1. The standard process of settlement in ASX is T+2. If tomorrow is the record date for dividend payment for Medical Equipment Exports Group, when is the ex-dividend date for trading of this share on the ASX? Calculate the ex-dividend price if the corporations closing price the day before ex-dividend date is $143.5, assuming the dividend flat tax rate is 17%. (3 marks)