Ginger inc has declared a 680 per share dividend suppose, Ask an Expert

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Ginger, Inc., has declared a $6.80 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 15 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. Ginger stock sells for $94.70 per share, and the stock is about to go ex dividend.

What do you think the ex-dividend price will be? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Ex-Dividend price $______________

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91618197

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