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The Ordinary Shares of Bondi Beachwear Closed at $36

Question 46

Multiple Choice

The ordinary shares of Bondi Beachwear closed at $36.80 a share today.Tomorrow morning,the share goes ex-dividend.The dividend that is being paid this half-year is $1.40 a share.The average tax rate on dividends for shareholders is estimated to be 15 per cent.All else equal,what should the opening share price be tomorrow morning?


A) $35.40
B) $35.19
C) $35.70
D) $35.61
E) $35.52

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