What is the maximum strike price where it could be possible


The stock of Harford Inc. is about to pay a $0.23 dividend. It will pay no more dividends for the next month. Consider call options that expire in one month. If the interest rate is 7% APR (monthly compounding), what is the maximum strike price where it could be possible that early exercise of the call option is optimal?

The maximum strike price is $ .

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Financial Management: What is the maximum strike price where it could be possible
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