The Sports Store is preparing to pay its quarterly dividend of $1.47 a share.The stock closed at $62.80 a share today and goes ex-dividend tomorrow.What will the ex-dividend stock price be if the relevant tax rate is 15 percent and all else is held constant?
A) $62.28
B) $62.20
C) $61.55
D) $61.33
E) $61.28
Correct Answer:
Verified
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