Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. ginger, inc., has declared a $6.80 per share divid

Ginger, Inc., has declared a $6.80 per share dividend. Suppose capital gains are not taxed,...

90.2K

Verified Solution

Question

Finance

Ginger, Inc., has declared a $6.80 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 15 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The company's stock sells for $94.70 per share, and the stock is about to go ex dividend.

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

a 2 4 x 1025 Hz c 1 6 x 1015 Hz 5 The total...

Advance Math
1.2K views

Prove that a projection Pe(x) is a linear operator on a Hilbert space, ,H and the...

Basic Math
1.2K views

Consider the following matched samples representing observations before and after an experiment. Assume that the sample...

Basic Math
1.2K views

Patrick Henry begins his Speech to Virginia Convention by saying that he Respects the previous...

Calculus
1.2K views

Suppose esin O y where inside and there are expressions in terms of x only...

Calculus
1.2K views

Final Exam Practice Problems Consider the region bounded by y ln x over 1 e...

Accounting
1.2K views

Halt Company employs material handling employees who move materials between production divisions at a labor...

Accounting
1.2K views

a taxpayer owes a penalty for underpayment of tax. Which of the following statements is...

Accounting
1.2K views

Lukow Products is investigating the purchase of a piece of automated equipment that will save...

Accounting
1.2K views

Bowie Company made a lump sum purchase of land, building, and equipment. The following were...

Finance
1.2K views

You want to borrow $89,000 from your local bank to buy a new sailboat. You...

Finance
1.2K views

Suppose the income share of the population by quintile is the following: Income Share (percent)...