Question: 1 5 . 6 Dividends: Alpha Ltd is trading for $ 1 1 . 5 0 per share on the day before the ex -

15.6 Dividends: Alpha Ltd is trading for $11.50 per share on the day before the ex-dividend date. If the amount of the dividend is $0.25 and there is no tax, what should the price of the shares be trading for on the ex-dividend date?

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