Lee ann inc. had declared a 5.60 per share dividend., Ask an Expert

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Lee Ann Inc., had declared a $5.60 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 15%. New IRS regulations require that taxes be withheld when the dividend is paid. Lee Ann sells for $75 per share, and the stock is about to go ex dividend. What do you think the ex-dividend price will be?

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