Question: 25. IEM announced that it will pay a $0.50 dividend per share to holders of record as of Tuesday, May12, 2020. Holding all else constant,

25. IEM announced that it will pay a $0.50 dividend per share to holders of record as of Tuesday, May12, 2020. Holding all else constant, the stock price will be lower by $0.50 per share at the opening of trading on A) May 8, 2020 B) May 9, 2020. C) May 10, 2020. D) May 11, 2020 E) May 12, 2020 26. ABC Inc. plans to sell an asset for $23,000. The asset was acquired 5 years ago for $50,000 and was depreciated using the straight-line method with an expected life of 5 years. If ABC's tax rate is 21%, then the taxes owed on the sale will be: A $2,000 B $3,00 C $4,100 D $5,200 E None of the above

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