What do you think the ex-dividend price will be

Assignment Help Financial Management

Reference no: EM13812400

Miller, Inc., has declared a $5.90 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 20 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. Miller sells for $110 per share, and the stock is about to go ex-dividend.

Required:

What do you think the ex-dividend price will be? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM13812400

Questions Cloud

Discounted cash flow-what is its cost of equity : The earnings, dividends, and common stock price of SYX Inc. are expected to grow at 5% per year in the future. SYX's common stock sells for $21.75 per share, its last dividend was $1.60, and the company will pay a dividend of $1.68 at the end of the ..

Determine cost of sales for firm with financial ratios-data : Determine the cost of sales for a firm with the following financial ratios and data:

Evaluate benefits realized by consumers : Evaluate benefits realized by consumers because of the ability to gain access to their own data via mobile applications. Examine the challenges of developing applications that run on mobile devices because of the small screen size

Expected annual rate of return on the stock investment : A stock you are buying today promises no dividends for a long time. In exactly 10 years, you expect the stock will pay its first annual dividend of $1.90. At that time, you also believe the stock could be sold for $41.00. If today you can buy the sto..

What do you think the ex-dividend price will be : Miller, Inc., has declared a $5.90 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 20 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. Miller sells for $110 per share, a..

The sales-to-inventory ratio : The sales-to-inventory ratio:

Work of the external independent auditor : The work of the external independent auditor includes a letter that states that the financial information represents fairly the financial position of the company and that these statements were:

Firms common size income statement : If a firm’s common size income statement shows that the earnings after tax percentage is too low, the firm may have spent too much money:

The type of ratio that indicates the firms ability : The type of ratio that indicates the firm’s ability to provide adequate returns in the form of dividends and share price appreciation is:

User Account

All Pages