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
image text in transcribed
image text in transcribed

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

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