The Common Stock of White's Hardware Closed at $36

question 47

Multiple Choice

The common stock of White's Hardware closed at $36.80 a share today.Tomorrow morning,the stock goes ex-dividend.The dividend that is being paid this quarter is $1.40 a share.The tax rate on dividends is 25 percent.All else equal,what should the opening stock price be tomorrow morning?

• A)$35.19
• B)$35.40
• C)$35.52
• D)$35.75
• E)$36.80

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Humanistic-Existential Perspective

A psychological approach focusing on individual free will, personal growth, and the concept of self-actualization.