Assume the stockholders of ex stock are in the 28 percent, Financial Management

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Assume the stockholders of ex stock are in the 28 percent

Assume the stockholders of EX stock are in the 28 percent tax bracket. The closing price of the stock today was $67.18 a share. The firm pays a quarterly dividend of $1.65 per share. What is the expected opening price of the stock tomorrow if tomorrow is an ex-dividend date?

$66.72

$65.53

$67.18

$67.61

$65.99

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Financial Management: Assume the stockholders of ex stock are in the 28 percent

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Financial Management: Assume the stockholders of ex stock are in the 28 percent

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