Answer:
$99.3625
Explanation:
The computation of ex-dividend stock price is shown below:-
Ex-dividend stock price = Stock closing price - Stock dividend × (1 - tax rate)
= $105.64 - $7.75 × (1 - 19%)
= $105.64 - $7.75 × 0.81
= $105.64 - 6.2775
= $99.3625
Therefore for computing the ex-dividend stock price we simply applied the above formula.
Answer: An unrestricted component of net position
Explanation:
Fund balances can be committed, restricted, assigned, and unassigned. The designation of city council has no right to restrict funds.
A restriction of fund can only be imposed through legislation, constitution, or external resource providers, and not by the designation by the city council. In this case, funds would be unrestricted.
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Soak
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