Question: value: 10.00 points Problem 19-1 Dividends and Taxes Lee Ann, Inc. has declared a $5.70 per-share dividend Suppose capital gains are not taxed, but dividends
value: 10.00 points Problem 19-1 Dividends and Taxes Lee Ann, Inc. has declared a $5.70 per-share dividend Suppose capital gains are not taxed, but dividends are taxed at 20 percent. New IRS regulations require that taxes be withheld when the dividend is paid. The company's stock sells for $94.15 per share and is about to go ex-dividend What do you think the ex-dividend price will be? (Do not round intermediate calculations and round your places, e.g., 32.16. Ex-dividend price S Hints References eBook & Resources Check my work
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
