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EpiscoWhat EpiscoWhat
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6 years ago
Consider the following equation:

Pcum - Pex = Div × 

The term τd is:
A) the price per share after a dividend is paid.
B) the price per share before a dividend is paid.
C) the personal tax rate for capital gains.
D) the personal tax rate for dividend.
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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pbrown223pbrown223
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6 years ago
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