Question: In the problem below, you can use a risk premium of 5.5% and a tax rate of 40% if either is not specified. All work

In the problem below, you can use a risk premium of 5.5% and a tax rate of 40% if either is not specified.

All work and answers must be done/shown in an Excel Spreadsheet

In the problem below, you can use a risk premium of 5.5%

2. You are comparing the dividend policies of three dividend-paying utilities. You have collected the following information on the ex-dividend behavior of these firms. If you were a tax-exempt investor, which company would you use to make "dividend arbitrage" profits? How would you go about doing so

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