The common stock of White's Hardware closed at $42.15 a share today.Tomorrow morning,the stock goes ex-dividend.The dividend that is being paid this quarter is $1.26 a share.Assume the tax rate on dividends is 15 percent.All else equal,what should the opening stock price be tomorrow morning?
A)$42.15
B)$40.94
C)$40.89
D)$41.08
E)$41.23

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The Answer of The common stock of White's Hardware closed at $42.15 a share today.Tomorrow morning,the stock goes ex-dividend.The dividend that is being paid this quarter is $1.26 a share.Assume the tax rate on dividends is 15 percent.All else equal,what should the opening stock price be tomorrow morning?
A)$42.15
B)$40.94
C)$40.89
D)$41.08
E)$41.23

The Common Stock of White's Hardware Closed at $42