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You own a stock that will pay a dividend of $2.25. The stock currently sells for $21.61. You purchased this security 3 months ago for $19.90. If you sell this security on the ex-dividend date, tomorrow, what is your annualized after-tax return if you expect the stock price to drop by $1.17? Assume a capital gains tax of 20% and dividend tax rate of 32%.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91784792

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