Assume the stockholders of GPO stock are in the 25 percent tax bracket.The closing price of the stock today was $28.49 a share.The firm pays a quarterly dividend of $1.40 per share.What is the expected opening price of the stock tomorrow if tomorrow is an ex-dividend date?
A) $26.53
B) $27.09
C) $28.14
D) $27.61
E) $27.44
Correct Answer:
Verified
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