What will the ex-dividend price of stock be tomorrow morning

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Reference no: EM131510010

Alex owns 750 shares of Hi Flying stock. The stock closed today at $68.70 a share. Tomorrow, the firm will pay its annual dividend of $2.85 a share. The tax rate on dividends is currently 15 percent with the tax being withheld at the time of payment. All else constant, what will the ex-dividend price of the stock be tomorrow morning??

Reference no: EM131510010

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