Lee Ann Inc. has declared a $5.60 per share dividend. Suppose capital gains are not taxed, but
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Lee Ann Inc. has declared a $5.60 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 15 percent. 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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The after tax dividend is the pretax divi...View the full answer
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Related Book For 
Corporate Finance
ISBN: 978-0071339575
7th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
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