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QUESTION

Your portfolio is 150 shares of Barden, Inc. The stock currently sells for $87 per share. The company has announced a dividend of $1.32 per share...

Your portfolio is 150 shares of Barden, Inc.

The stock currently sells for $87 per share. The company has announced a

dividend of $1.32 per share with an ex-dividend date of April 19. Assuming

no taxes, how much will your stock be worth on April 19?

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