Assume the stockholders of GPO stock are in the 15 percent tax bracket.The closing price of the stock today was $32.09 a share.The firm pays a quarterly dividend of $1.20 per share.What is the expected opening price of the stock tomorrow if tomorrow is an ex-dividend date?
A) $32.09
B) $30.71
C) $32.14
D) $27.61
E) $31.07
Correct Answer:
Verified
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