Question: The Ashley has declared a $5 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 20 percent. Ashley stock sells

The Ashley has declared a $5 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 20 percent. Ashley stock sells for $100 per share, and the stock is about to go ex-dividend. What will the ex-dividend price be? \begin{tabular}{r} $98 \\ \hline$92 \\ $96 \\ $95 \end{tabular} Question 12 (4 points) You own 20 shares of a stock trading at $120. In a 3 -for-1 split, what is the price per share? $360$40$480$60

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