Assume the stockholders of EX stock are in the 28 percent tax bracket.The closing price of the stock today was $67.18 a share.The firm pays a quarterly dividend of $1.65 per share.What is the expected opening price of the stock tomorrow if tomorrow is an ex-dividend date?
A) $66.72
B) $65.53
C) $67.18
D) $67.61
E) $65.99
Correct Answer:
Verified
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