is that the right answer

Accounting
Tutor: None Selected Time limit: 1 Day

Dividend $6.30
Dividend Tax 25%
Stock Price $83
Step 1: Calculate the After-Tax Dividend $4.73
Step 2: Ex-Dividend Price = $78
Jul 29th, 2015

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Dividend$6.30
Dividend Tax25%
Stock Price$83
Step 1: Calculate the After-Tax Dividend$4.73
Step 2: Ex-Dividend Price =$77.14
....................................the above is the right answer

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 30th, 2015

Stock Dividend 25%
# of shares of stock outstanding 25,000
Market Value Balance Sheet:
Cash $145,000
Fixed Assets $598,000
Total $743,000
Debt $127,000
Equity $616,000
Total $743,000
Find the market price of stock by using the equity and # of shares outstanding $24.64
New shares outstanding = 154,000
New Stock price = $4.82
could you please review these answers please and thank you for the previos ones. You are the best.

Jul 30th, 2015

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