What should its first ex-dividend price be

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Reference no: EM132854282

Question - Tokyo Corp. has announced a £1.18 dividend. If Tokyo's last closing price [cum-dividend] is £14.78, what should its first ex-dividend price be (assuming perfect capital markets)?

A. £13.80

B. £13.20

C. £13.60

D. £14.50

Reference no: EM132854282

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