What will the ex-dividend price be

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Company A has declared an $8 per share dividend. Suppose capital gains are not taxed, bu dividend are taxed at 15%. New IRS regulations require that taxes be withheld at the time the dividend is paid. Company A sells for $71.5 per share, and the stock is about to go ex-dividend. What will the ex-dividend price be?

Reference no: EM132548197

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