4. JFINEX Corporation declared dividends on November 5. The date of record is on November 22, the payment date is November 30, and the ex-dividend date is on November 20. Tommy owns a share of
4. JFINEX Corporation declared dividends on November 5. The date of record is on November 22, the payment date is November 30, and the ex-dividend date is on November 20. Tommy owns a share of
Chapter3: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 15DQ
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![4. JFINEX Corporation declared dividends
on
November 5. The date of record is on
November 22, the payment date is
November 30, and the ex-dividend date is
on November 20. Tommy owns a share of
stock on November 1. Tommy sells his
share to Alex on November 20, and Alex
sells the share to Maria on November 30.
Who will receive the dividend?
A) Alex
B) Tommy
C) Maria
D) No one](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F28507a8a-4bb2-46df-a06f-d420a3240466%2Fb35e9092-20a3-4e6f-a271-79b4a4044b8f%2Fur9re6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. JFINEX Corporation declared dividends
on
November 5. The date of record is on
November 22, the payment date is
November 30, and the ex-dividend date is
on November 20. Tommy owns a share of
stock on November 1. Tommy sells his
share to Alex on November 20, and Alex
sells the share to Maria on November 30.
Who will receive the dividend?
A) Alex
B) Tommy
C) Maria
D) No one
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