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01-08-2018
Business

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Gloria's boutique has 4,000 shares of stock outstanding at a price per share of $19. what will the price per share be if the firm pays a $1.20 per share dividend

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01-08-2018

The price per share will be the Ex-dividend price.

The market price per share = $ 19

Dividend per share = $ 1.20

Ex-dividend price per share = $ 19 - $ 1.20 = $ 17.80

Thus, the price per share = $ 17.80

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