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The Ex-Dividend Date: You Own 10,000 Shares of ABC Co

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The ex-dividend date: You own 10,000 shares of ABC Co., which is currently trading for $11.50 per share. The company has announced that it will soon pay a special dividend of $1.50 per share. Tomorrow is the ex-dividend day. Ignoring taxes, what do you expect your block of shares will be worth tomorrow?


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