Dress Boutique has 8,350 shares of stock outstanding at a price per share of $19.What will be the price per share if the firm pays a $.75 per share dividend and the applicable tax rate is 25 percent? Ignore market imperfections.
A) $18.44
B) $18.68
C) $18.25
D) $18.36
E) $18.49
Correct Answer:
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