Ettalong Electric Ltd Is Preparing to Pay Its Interim Dividend

Ettalong Electric Ltd is preparing to pay its interim dividend of $2.20 a share this quarter.The shares closed at $57.70 a share today.What will the ex-dividend share price be if the estimated tax rate for shareholders is 10 per cent and all else is held constant?

A) $55.50
B) $55.94
C) $55.99
D) $55.28
E) $55.72