Breakers Engineering Is Preparing to Pay Its Quarterly Dividend of $1.36

question 6

Multiple Choice

Breakers Engineering is preparing to pay its quarterly dividend of $1.36 a share.The stock closed at $51.25 a share today and goes ex-dividend tomorrow.What will the ex-dividend stock price be if the relevant tax rate is 21 percent and all else is held constant?

• A)$50.91
• B)$50.83
• C)$50.18
• D)$49.96
• E)$49.91

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