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Aleks [24]
3 years ago
10

Westover Electric is preparing to pay its quarterly dividend of $2.20 a share this quarter. The stock closed at $57.70 a share t

oday. What will the ex-dividend stock price be if the relevant tax rate is 10 percent and all else is held constant
Business
1 answer:
Lorico [155]3 years ago
8 0

Answer:

$55.72

Explanation:

Data provided:

Quarterly dividend paid per share = $2.20

Closing share cost = $57.70 per share

Relevant tax rate = 10%

The dividend per share after the tax deduction

= (100% - 10%) × Quarterly dividend paid per share

= 0.9 × $2.20

= $1.98

Thus, the ex-dividend stock price

= Closing share cost - dividend per share after the tax deduction

= $57.70 - $1.98

= $55.72

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Answer:

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Explanation:

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3 years ago
Christie sued her former employer for a back injury she suffered on the job in 2019. As a result of the injury, she was partiall
charle [14.2K]

Answer:Christie's 2020 gross income= $172,000

Explanation:

According to IRS, under the tax benefit rule Amount of punitive damages  and amount of recovered  medical expenses is to be added to gross income, $240,000 for the loss of future income of will not be included.

Therefore we have that

Christie's 2020 gross income=Punitive damages + Recovered medical expenses = $160,000 + $12,000 = $172,000

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3 years ago
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4 0
2 years ago
The blurring of the lines separating the subsets of the financial industry started in the:
siniylev [52]
<span>The blurring of the lines separating the subsets of the financial industry started in the 1950s. 
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7 0
3 years ago
The following data are accumulated by Lone Peak Inc. in evaluating two competing capital investment proposals: 3D Printer Truck
anygoal [31]

Answer:

The answer is given below;

Explanation:

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Average return on truck amount=$36,400/(50,000-6,000)=83%

Average expected return on truck is higher as compared to 3D printer

6 0
4 years ago
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