Assume the stockholders of EX stock are in the 25 percent tax bracket.The closing price of the stock today was $54.15 a share.The firm pays a quarterly dividend of $1.22 per share.What is the expected opening price of the stock tomorrow if tomorrow is an ex-dividend date?
A) $52.63
B) $55.53
C) $54.18
D) $53.61
E) $53.24
Correct Answer:
Verified
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