You own 200 shares of stock in Halestorm Incorporated, that currently sells for $82.75 per share. The company has announced a dividend of $315 per share with an ex-dividend date of February 4. Assuming no taxes, what is the value of the stock on February 4?
You own 200 shares of stock in Halestorm Incorporated, that currently sells for $82.75 per share. The company has announced a dividend of $315 per share with an ex-dividend date of February 4. Assuming no taxes, what is the value of the stock on February 4?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:You own 200 shares of stock in Halestorm Incorporated, that currently sells for $82.75 per share. The company has announced a dividend of $315 per share with an ex-dividend date of
February 4. Assuming no taxes, what is the value of the stock on February 4?
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