Cosmetics Emporium is preparing to pay its quarterly dividend of $1.76 a share.The stock closed at $79.65 a share today and goes ex-dividend tomorrow.What will the ex-dividend stock price be if the relevant tax rate is 21 percent and all else is held constant?
A) $78.99
B) $78.91
C) $78.26
D) $78.04
E) $77.99
Correct Answer:
Verified
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