Question: 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

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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