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Air taxi inc has declared a 900 per-share dividend suppose

Air Taxi, Inc. has declared a $9.00 per-share dividend. Suppose capital gains are not taxed, but dividends are taxed at 19% and new regulations require that dividends are taxed when paid. Air Taxi stock sells for $119 per share.

What will the ex-dividend price be?

Dividend per share $9.00

Tax rate19%

Price $119.00

111.71

110.81

126.29

107.89

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Finance Basics: Air taxi inc has declared a 900 per-share dividend suppose

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Finance Basics: Air taxi inc has declared a 900 per-share dividend suppose

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