Consider the Following Equation: Pcum - Pex = Div ×

question 34

Multiple Choice

Consider the following equation: Pcum - Pex = Div × The term τd is:

• A)the price per share after a dividend is paid.
• B)the price per share before a dividend is paid.
• C)the personal tax rate for capital gains.
• D)the effective dividend tax rate.

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