ABN Ltd shares have a closing price of $10.85 on 8 November 2005. On the next day they will begin trading on an ex-dividend basis. The dividend is 40 cents per share fully franked at the company tax rate of 30 per cent. What is the expected ex-dividend share price?

Answer rating: 100% (QA)

When a stock begins trading exdividend it means that anyone who buys the stock on or after that day ... View the full answer