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Ginger, Inc., has declared a $6.90 per share dividend. Suppose capital gains taxed, but dividends...

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Ginger, Inc., has declared a $6.90 per share dividend. Suppose capital gains taxed, but dividends are taxed at 20 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The company's stock sells for $94.75 per share, and the stock is about to go ex dividend. are not 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.) Ex-dividend price

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