Open Outcry Corp. has declared a regular quarterly dividend of $1.35 per share. The current share...
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Open Outcry Corp. has declared a regular quarterly dividend of $1.35 per share. The current share price is $15.00 per share. Regular dividends are taxed at 15%, which will be withheld on the payment date. The ex-dividend date is tomorrow. What is the expected price of the stock at the open tomorrow, all else equal. Round answer to two decimal places. Open Outcry Corp. has declared a regular quarterly dividend of $1.35 per share. The current share price is $15.00 per share. Regular dividends are taxed at 15%, which will be withheld on the payment date. The ex-dividend date is tomorrow. What is the expected price of the stock at the open tomorrow, all else equal. Round answer to two decimal places.
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Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
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