Foragers has declared a dividend of $$2\mathrm{.}60$ per share. Suppose capital gains are not taxed but dividends are taxed at $15$ percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The stock of Foragers closed at $$36\mathrm{.}80$ per share today and the stock goes ex dividend tomorrow. What will be the ex$-$dividend price?

Multiple Choice

$$34\mathrm{.}59$

$$39\mathrm{.}40$

$$36\mathrm{.}80$

$$34\mathrm{.}20$

$$34\mathrm{.}70$