The Green Fiddle Has Declared a $5 Per Share Dividend

question 18

Multiple Choice

The Green Fiddle has declared a $5 per share dividend.Suppose capital gains are not taxed,but dividends are taxed at 15 percent.New IRS regulations require that taxes be withheld at the time the dividend is paid.Green Fiddle stock sells for $71.50 per share,and the stock is about to go ex-dividend.What will the ex-dividend price be?

• A)$67.25
• B)$67.90
• C)$78.30
• D)$79.50
• E)$82.23

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Definitions:

Default Case

In switch statements, the case that is executed if none of the case conditions match the provided value.

Numerical Value

A numerical value represents a quantity or amount in the form of numbers, used in mathematical and computational contexts.

Relational Expressions

Logical statements that compare two values or variables and return a boolean value based on the comparison.

Boolean Expressions

Logical statements that can only result in true or false, used in programming for decision making.