(Solved by Humans)-Amos owns 1,200 share of Fasteners, Inc. stock. The stock closed
Question
Amos owns 1,200 share of Fasteners, Inc. stock.? The stock closed today at $41.20 a share.? Tomorrow, the firm will pay its annual dividend of $.70 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?
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