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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?

$66.72

$65.53

$67.18

$67.61

$65.99

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91618169

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