. JFINEX CorpC
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:5. JFINEX Corporation declared dividends
on
January 15. The payment date is February
5, the date of record is on February 1, and
the ex-dividend date is on January 27.
Maria bought 100 shares of the company's
stock on January 16. Maria sells her shares
to Alex on January 27 and Alex sells to Toni
on February 1. Who is entitled to the
dividend?"
A) Maria
B) Alex
C) Toni
D) The person who sold the share to Maria
E) None
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