Blazer Sports Store is preparing to pay its quarterly dividend of $2.20 a share this quarter.The stock closed at $57.70 a share today.What will the ex-dividend stock price be if the relevant tax rate is 15 percent and all else is held constant?
A) $55.28
B) $55.50
C) $55.83
D) $55.94
E) $57.70
Correct Answer:
Verified
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