The common stock of Beasley International goes ex-dividend tomorrow.The stock closed at a price of $28.06 a share today.This quarter, the company is paying a cash dividend of $.17 a share and a liquidating dividend of $.23 a share.Assuming the tax rate on dividends is 20 percent, what will be the ex-dividend price tomorrow morning?
A) $27.74
B) $27.68
C) $27.94
D) $33.96
E) $27.66
Correct Answer:
Verified
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