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Dark day sells for 9385 per share and the stock is about to

Dark Day, Inc., has declared a $5.10 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 15 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. Dark Day sells for $93.85 per share, and the stock is about to go ex dividend. What do you think the ex-dividend price will be?

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Finance Basics: Dark day sells for 9385 per share and the stock is about to

Reference No:- TGS0620802

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Finance Basics: Dark day sells for 9385 per share and the stock is about to

Reference No:- TGS0620802

Recent Questions Asked Finance Basics

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Q : A 5326 g sample of a substance is initially at 299 degc

Q : Dark day sells for 9385 per share and the stock is about to

Q : A mass memory system has 24 address lines and 16 data lines

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