Ginger inc has declared a 550 per share dividend suppose, Ask an Expert

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Ginger, Inc., has declared a $5.50 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 10 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. Ginger stock sells for $94.05 per share, and the stock is about to go ex dividend.

What do you think the ex-dividend price will be? (Round to 2 decimal places)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91796472

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