Question: Saved 14, 15, 18) A company has declared a dividend of $5.95 per share on its stock Capital gains are not taxed. Suppose the IRS

Saved 14, 15, 18) A company has declared a dividend of $5.95 per share on its stock Capital gains are not taxed. Suppose the IRS has issued a new regulation that requires taxes of 20 percent be withheld at the time the dividend is paid. The stock currently sells for $8775 per share. What will the ex dividend price be

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