Kizspy | Question: 46
(Choose 1 answer)
Mercury, Co. has announced it will pay its regular cash dividend of $0.45 per share. If dividends are taxed,about how much do you expect the price of Mercury stock to drop on the ex-dividend day? The tax rate on dividends is 15 percent. (Round your final answer to two decimal places.)
A. $0.07
B. $0.38
C. $0.45
D. $0.52
