What dividend per share will you receive in us dollars

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You hold some shares of BMW listed in Frankfurt. The share price is €750, and a gross dividend of €30 is paid. The current exchange rate is 1.15 $/€. The German government imposes a 15% withholding tax on dividends paid to U.S. investors. Your marginal tax rate is 30%. What dividend per share will you receive in U.S. dollars? Do not write a symbol. Make sure to round answers to the nearest 100th decimal points. For example. write 1234.34 for €1,234.34.

Reference no: EM133234377

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